Europe Distillates-Diesel refining margins exceed $90 a barrel

TotalEnergies SE

16/09/2026 17:50

LONDON, Sept 16 (Reuters) - European diesel margins rose by more than 1% on Wednesday to extend record high levels, following reports of Russia extending its diesel export ban until the end of October and as supply disruptions continued in the Middle East.
Low-sulphur gasoil futures LGOc1 traded at $90.62 a barrel above Brent crude futures LCOc1 at 1609 GMT, 95 cents higher than the previous close and on pace to close at an all-time high.
The Russian government has decided to extend restrictions on diesel exports for fuel producers until the end of October, Vedomosti daily reported late on Tuesday, citing two unidentified sources.
Two pumping stations serving the vital East-West Pipeline in Saudi Arabia were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources.
Asian 10-ppm sulphur diesel refining margins GO10SGCKMc1 have hit an all-time high of slightly more than $87 a barrel, LSEG pricing data showed on Wednesday, with gains driven by concerns over limited regional supply.
U.S distillate stockpiles, which include diesel and heating oil, rose by 1.6 million barrels in the week to 107.9 million barrels, the Energy Information Administration said on Wednesday.
Refinery crude runs fell by 256,000 barrels per day last week, the EIA said, while utilization rates fell by 1 percentage point in the week to 96.8%.
Marine bunker fuel sales at the United Arab Emirates' Fujairah port dropped slightly in August after a rebound in July, latest data showed, as supplies remained low due to the war in the region.
 
Trades
Bids
Offers
Previous Session
Seller
Buyer
0.1 GO Barge
diffs fob ARA per ton
 
 
 
 
 
 
0.1 GO Cargo
diffs cif NWE per ton
 
 
 
 
 
 
0.1 GO Cargo
diffs cif Med per ton
 
October + $57
 
 
 
50ppm barge diffs fob ARA per ton
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diesel
Trades
Bids
Offers
Previous Session
Seller
Buyer
Diesel barge
diffs fob ARA
per ton
 
 
 
 
 
Diesel cargo
diffs cif NWE 
per ton
 
Oct +$35
 
 
Diesel cargo
diffs cif Med
per ton 
 
Oct +$60
 
 
 
 
 
 
 
 
 
Jet fuel 
Trades
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Previous Session
Seller
Buyer
Jet fuel barge
diffs fob FARAG
per ton
 
 
 
 
 
 
 
Jet fuel cargo
cif NWE per ton
 
CCM + $7 and CCM + $9
 
 
 
Gunvor
BP
     
Fuel Oil
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Previous Session
Seller
Buyer
0.5% barge fob ARA per ton
 
 
 
 
 
 
3.5% barge
fob ARA per ton
 
 
 
 
 
 
     
ICE Low Sulphur Gasoil 
LGOc1
Previous Close
ICE Low Sulphur Gasoil futures vs Brent futures (per barrel)
$90.62
 $89.67
Diesel spread 
 
 

 (Reporting by Enes Tunagur; Editing by Diti Pujara)
 ((enes.tunagur@tr.com))