Europe Distillates-Diesel profit margins jump
Europe Distillates-Diesel profit margins jump LONDON, Nov 03 (Reuters) - Northwest European diesel refining margins rose over 4% on Tuesday as oil prices continued their decline from the previous session.
Low-sulphur gasoil futures LGOc1 traded at a $73.30 per barrel premium to Brent crude futures LCOc1 by 1746 GMT, $3.28 higher than the previous close.
Orlen's PKN.WA Lithuanian refinery unit risks closure without major investment by the Polish energy group in an upgrade to more profitable production, CEO Ireneusz Fafara told the Polish Press Agency.
Kuwait's Q8 said that its Italian unit would cut the pre-VAT price of diesel and gasoline by 20% for customers in the agriculture and fishing sectors until the end of December.
QatarEnergy is offering one November-loading gasoil cargo and one gas-to-liquid diesel cargo via a spot tender, according to a tender document reviewed by Reuters, marking the firm's first such spot offer since the end of February.
Lufthansa LHAG.DE trimmed its profit outlook as the German airline's estimated jet fuel bill for 2026 rose to €9.3 billion ($10.4 billion).
| 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 |
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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 |
| NWE+$26 | Nov+$27 |
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Diesel cargo diffs cif Med per ton |
| Med+$29 |
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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
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| CCM+$45 | CCM+$32 |
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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) | $73.30 | $70.02 |
Diesel spread |
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(Reporting by Seher Dareen in London)