Europe distillates: Diesel profit margins rise
USO•Northwest European diesel refining margins rose 3.2% on Monday as oil prices fell. Low-sulphur gasoil futures traded at a $71.53-per-barrel premium to Brent, up about $2.24 from the previous close.
1. Diesel margins rise
Northwest European diesel refining margins rose 3.2% on Monday as oil prices fell further. Low-sulphur gasoil futures traded at a $71.53-per-barrel premium to Brent crude futures by 1732 GMT, up about $2.24 from the previous close.
2. Trade and refinery attack
Aramco Trading sold a diesel cargo to Trafigura in the Northwest European Platts window. A Ukrainian drone struck Russia’s Kirishi oil refinery overnight, setting it on fire; the regional governor said one woman had died.
3. Russian fuel shortages
Fuel shortages have returned to at least half a dozen Russian regions after Ukrainian strikes on at least eight major oil refineries in the past two weeks, officials and Russian media said.
