Europe Distillates-Diesel profit margins hold steady
LONDON, Oct 22 (Reuters) - Diesel refining profit margins were little changed on Thursday as regional inventories were also steady.
Low-sulphur gasoil futures traded at $76.41 a barrel above Brent crude futures by 1640 GMT, just 9 cents higher than the previous close.
Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub were little changed at 1.78 million metric tons, data from Dutch consultancy Insights Global showed on Thursday.
Jet fuel stocks, meanwhile, fell 6.6% to 461,000 tons.
US crude and gasoline stocks fell in the week ended October 16, while distillate inventories rose, the US Energy Information Administration said, with the most recent data reflecting the impact of Hurricane Isaias. EIA/S
EU-27 and UK diesel and gasoil imports are on track to average about 969,000 barrels per day so far in October, Kpler data showed, compared with an average of 773,000 bpd for the whole of September.
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0.1 GO Barge diffs fob ARA per ton | ||||||
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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 | Nov +$32.50 | Nov +$38 | ||||
Diesel cargo diffs cif Med per ton | Nov +$15 | |||||
Jet fuel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Jet fuel barge diffs fob FARAG per ton | ||||||
Jet fuel cargo cif NWE per ton | CCM +$61, CCM +$29 | Unipec | BP |
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 |
| Previous Close |
ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $ | $ |
Diesel spread |