Europe Distillates-Diesel profit margins firm
LONDON, Oct 23 (Reuters) - Diesel refining profit margins rose over 3% on Friday, on escalating tension in the Middle East.
Low-sulphur gasoil futures traded at $76.42 a barrel above Brent crude futures by 1657 GMT, $2.51 higher than the previous close.
Shell sold a ULSD cargo to BP for Thames delivery.
Germany's national oil stockpiling agency EBV circulated on Friday a tender to sell diesel, heating oil and crude oil volumes from strategic reserves, according to a document seen by Reuters.
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.
EU-27 and UK diesel and gasoil imports are on track to average about 933,000 barrels per day so far in October, Kpler data showed, compared with an average of 773,000 bpd for the whole of September.
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 | ||||||
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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 +$33 | Shell | BP | |||
Diesel cargo diffs cif Med per ton | ||||||
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 |
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) | $76.42 | $73.91 |
Diesel spread |