Europe Distillates-Diesel profit margins edge up

LONDON, Nov 6 (Reuters) - Northwest European diesel refining margins rose 1.36% on Friday as oil prices headed for a decline.

• Low-sulphur gasoil futures traded at a premium of $69.36 a barrel to Brent crude futures by 1744 GMT, up around 93 cents from the previous close

• France has released 3.6 million barrels of diesel stocks, which is just over a third of the total pledged amount, from its strategic reserve so far in the first week of release, the French energy ministry said.

• India's fuel consumption in October rose nearly 10% from the previous month, its highest level since March.

• US refiners significantly reduced motor gasoline yields to prioritize higher-margin distillate fuel oil and jet fuel amid constrained global supplies, the Energy Information Administration said on Thursday.

• Oil prices were set for a sharp weekly fall after the election losses of US President Donald Trump's Republican Party raised hopes of a de-escalation in the US-Israeli war on Iran and a stock market sell-off, though attacks on vessels in the Middle East continue to provide a floor to crude. O/R