Europe Distillates-Diesel refining margins jump near record

TotalEnergies SE

15/09/2026 18:44

LONDON, Sept 15 (Reuters) - European diesel margins rose by more than 8% on Tuesday, as new supply disruptions emerged in the Middle East.
Low-sulphur gasoil futures LGOc1 traded at $88.61 a barrel above Brent crude futures LCOc1 at 1709 GMT, $7.10 higher than the previous close and on pace to close at an all-time high.
Oil loadings at Saudi Arabia's Red Sea port of Yanbu have been suspended, days after the world's biggest crude exporter closed its East-West Pipeline, shipping industry sources said on Tuesday.
Half of Russia's six top diesel-producing refineries were forced to significantly cut back or completely halt output in September due to damage sustained in drone attacks, according to Reuters calculations based on data from fuel market participants.
 
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
 
NWE + $20
 
 
 
 
0.1 GO Cargo
diffs cif Med per ton
 
October + $59.75
 
 
 
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 +$34
 
 
Diesel cargo
diffs cif Med
per ton 
 
Oct +$65
 
 
 
 
 
 
 
 
 
Jet fuel 
Trades
Bids
Offers
Previous Session
Seller
Buyer
Jet fuel barge
diffs fob FARAG
per ton
 
 
 
 
 
 
 
Jet fuel cargo
cif NWE per ton
 
 
October + $113
 
 
 
 
     
Fuel Oil
Trades
Bids
Offers
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)
$88.61
 $81.50
Diesel spread 
 
 

(Reporting by Enes Tunagur
Editing by Rod Nickel)
((enes.tunagur@tr.com))