Europe Distillates-Diesel profit margins hold steady
Europe Distillates-Diesel profit margins hold steady LONDON, Oct 28 (Reuters) - Northwest European diesel refining margins were little changed on Wednesday, with support from falling US distillate inventories offsetting the prospect of higher Chinese fuel exports after Beijing issued a fresh batch of export quotas.
Low-sulphur gasoil futures LGOc1 traded at a $74.03 a barrel premium to Brent crude futures LCOc1 by 1745 GMT, 21 cents lower than the previous close.
China issued a fourth batch of fuel export quotas for gasoline, diesel and jet fuel, a rare additional issue that brings the 2026 total in line with 2025 despite curbs earlier in the year, three people familiar with the matter said on Wednesday.
US distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 1.5 million barrels last week to 102.8 million barrels, versus expectations in a Reuters poll for a 0.9 million-barrel drop, the Energy Information Administration said. EIA/S
| Trades | Bids | Offers | Previous Session | Seller | Buyer |
0.1 GO Barge diffs fob ARA per ton |
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0.1 GO Cargo diffs cif NWE per ton |
| Nov -$4 | ||||
0.1 GO Cargo diffs cif Med per ton |
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50ppm barge diffs fob ARA per ton
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Diesel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Diesel barge diffs fob ARA per ton |
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Diesel cargo diffs cif NWE per ton |
| Nov +$29 | Nov +$35 |
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Diesel cargo diffs cif Med per ton |
| Nov +$11 |
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Jet fuel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Jet fuel barge diffs fob FARAG per ton
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Jet fuel cargo cif NWE per ton
| CCM +$51 |
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| CCM +$50 | Unipec | BP |
Fuel Oil | Trades | Bids | Offers | Previous Session | Seller | Buyer |
0.5% barge fob ARA per ton |
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3.5% barge fob ARA per ton |
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ICE Low Sulphur Gasoil | LGOc1 | Previous Close |
ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $74.04 | $74.24 |
Diesel spread |
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(Reporting by Ahmad Ghaddar)
((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))