Europe Distillates-Diesel profit margins firm
LONDON, Nov 13 (Reuters) - Northwest European diesel refining margins rose over 4% on Friday on a tight market outlook.
Low-sulphur gasoil futures traded at a premium of $69.29 a barrel to Brent crude futures by 1645 GMT, up about $3 from the previous close
The International Energy Agency's member countries will release around 71 million barrels of emergency oil and products stocks through end-February 2027, roughly doubling the pace of the releases in September and October, the agency said on Friday
Included in the release will be around 15 million barrels of diesel, which are scheduled to be released by end-February, almost entirely from government stocks in France and Germany, at a pace of 4 million to 5 million barrels in January before easing in February, the IEA said in a monthly report
Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub were little changed, edging up 0.2% from the previous week to 1.79 million tons, while standing nearly 22% lower year-on-year, data from Dutch consultancy Insights Global showed on Thursday
US distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 4.1 million barrels last week to 103.3 million barrels, versus expectations in a Reuters poll for a 1 million-barrel drop, the Energy Information Administration said EIA/S
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0.1 GO Cargo diffs cif NWE per ton | Dec -$11 | |||||
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Diesel cargo diffs cif NWE per ton | Dec +$42 | Dec +$60 | ||||
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Fuel Oil | Trades | Bids | Offers | Previous Session | Seller | Buyer |
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3.5% barge fob ARA per ton |
ICE Low Sulphur Gasoil |
| Previous Close |
ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $69.29 | $66.26 |
Diesel spread |