LONDON: Benchmark northwest European diesel refining margins ended the week higher as ongoing and upcoming refinery turnarounds tightened the supply outlook.
Italy's 200,000 barrel-per-day Milazzo oil refinery will undergo maintenance on one of its two crude distillation units during the first half of October, a spokesman for the refinery and trading sources said.
This adds to other shutdowns at BP's Gelsenkirchen refinery in Germany and Exxon's Rotterdam refinery which have begun turnarounds this week.
Traders also said upcoming turnarounds in Scandinavia and in Portugal were set to tighten market further.
Industry monitor Genscape reported that the hydrocracker at Total's Antwerp oil refinery has resumed operations after a shutdown that began on Aug. 27.
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