Europe distillates diesel profit margins hold steady
USO•European diesel refining profit margins were little changed as regional inventories held steady. Low-sulphur gasoil futures traded at $76.41 a barrel above Brent, 9 cents higher than the previous close, while EU-27 and UK diesel and gasoil imports were on track to average 969,000 barrels per day in October.
1. Margins and inventories
Diesel refining profit margins were little changed on Thursday, and gasoil stocks in the Amsterdam-Rotterdam-Antwerp hub were little changed at 1.78 million metric tons. Jet fuel stocks fell 6.6% to 461,000 tons.
2. Imports and futures
Low-sulphur gasoil futures traded at $76.41 a barrel above Brent crude futures by 1640 GMT, up 9 cents from the previous close. EU-27 and UK diesel and gasoil imports were on track to average about 969,000 barrels per day so far in October, compared with 773,000 bpd in September.
