LONDON: Benchmark diesel refining margins in northwest Europe rose on Friday but demand in the barge market was slow.
Only a single diesel barge traded in the afternoon window.
Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 6pc in the week to Thursday, data from Dutch consultancy Insights Global showed.
European refineries produced 5.7pc fewer oil products in June on a year-on-year basis at a rate of 10.196 million barrels per day, data from Euroilstock showed on Friday.
Output was 1.2pc lower than that of May.
Production of all oil products fell on a yearly basis with fuel oil taking the biggest hit at over 22pc.
Water levels along the Rhine river, a key waterway for transporting commodities and other products to inland locations from ARA, fell to around 172 cm at the Kaub point, the lowest since May 10.
A crude distillation unit at Germany's Schwedt refinery returned to operation after a brief shutdown, according to Genscape.
Comments
Comments are closed for this article.