Europe Distillates-Diesel profit margins rise

Reuters11-26
Europe Distillates-Diesel profit margins rise

LONDON, Nov 25 (Reuters) - Northwest European diesel profit margins rose slightly on Monday to $18.90 a barrel, while imports into the region were set to drop slightly on the month.

  • U.S. distillate inventories, which include diesel and heating oil, were expected to have increased by about 800,000 barrels last week, according to a preliminary Reuters poll.

  • EU and UK diesel and gasoil imports are on track to reach 1.20 million bpd this month, down from 1.27 million bpd in October, Kpler data showed.

Trades

Bids

Offers

Previous Session

Seller

Buyer

0.1 GO Barge

diffs fob ARA per tonne GO-ED-ARA

0.1 GO Cargo

diffs cif NEW per tonne GO-CND-NWE

0.1 GO Cargo

diffs cif Med per tonne GO-CND-MED

50ppm barge diffs fob ARA per tonne

GO50PPM-ED-ARA

Diesel

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Offers

Previous Session

Seller

Buyer

Diesel barge

diffs fob ARA

per tonne

ULSD10-BD-ARA

Diesel cargo

diffs cif NWE

per tonne

ULSD10-ANYD-NWE

Diesel cargo

diffs cif Med

per tonne

DL-CIFD-MED

CCM + $3

Jet fuel

Trades

Bids

Offers

Previous Session

Seller

Buyer

Jet fuel barge

diffs fob FARAG

per tonne

JET-BD-ARA

Jet fuel cargo

cif NEW per tonne

JET-CD-NWE

Fuel Oil

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Offers

Previous Session

Seller

Buyer

0.5% barge fob ARA per tonne

3.5% barge

fob ARA per tonne HFO-ARA

ICE Low Sulphur Gasoil

LGOc1

Previous

Diesel ARA Barge Cracks vs Brent futures (per barrel)

$18.90

$18.69

Diesel spread

LGOc1-LGOc2

(Reporting by Enes Tunagur)

((Enes.Tunagur@thomsonreuters.com;))

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