Europe distillates-diesel profit margins firm
USO•Diesel refining profit margins rose more than 3% on Friday as tensions escalated in the Middle East. Low-sulphur gasoil futures were $76.42 a barrel, up $2.51 from the previous close.
1. Margins and market data
EU-27 and UK diesel and gasoil imports were on track to average about 933,000 barrels per day in October, compared with 773,000 bpd for September. Independently held gasoil stocks in the Amsterdam-Rotterdam-Antwerp hub were little changed at 1.78 million metric tons, while jet fuel stocks fell 6.6% to 461,000 tons.
