BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.49%)
KSE100 Decreased By (-0.33%)
KSE30 Decreased By (-0.35%)
AGHA 6.60 Decreased By ▼ -0.07 (-1.05%)
BECO 4.36 Increased By ▲ 0.01 (0.23%)
BML 56.64 Increased By ▲ 0.47 (0.84%)
BOP 29.98 Decreased By ▼ -0.14 (-0.46%)
CNERGY 12.80 Decreased By ▼ -0.18 (-1.39%)
CSIL 5.25 Decreased By ▼ -0.06 (-1.13%)
FCCL 51.37 Decreased By ▼ -0.28 (-0.54%)
FFL 14.40 Decreased By ▼ -0.09 (-0.62%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 6.04 Decreased By ▼ -0.02 (-0.33%)
KOSM 5.75 Decreased By ▼ -0.09 (-1.54%)
LOTCHEM 26.36 Increased By ▲ 0.19 (0.73%)
MLCF 89.69 Decreased By ▼ -1.54 (-1.69%)
NBP 163.00 Decreased By ▼ -1.19 (-0.72%)
NCPL 52.70 Decreased By ▼ -0.48 (-0.9%)
NPL 58.70 Decreased By ▼ -0.42 (-0.71%)
OGDC 313.60 Increased By ▲ 0.21 (0.07%)
PACE 9.72 Decreased By ▼ -0.05 (-0.51%)
PAEL 35.01 Decreased By ▼ -0.23 (-0.65%)
PIBTL 14.64 Decreased By ▼ -0.07 (-0.48%)
PPL 219.10 Decreased By ▼ -2.26 (-1.02%)
PRL 91.30 Increased By ▲ 0.08 (0.09%)
PTC 59.26 Increased By ▲ 0.07 (0.12%)
SSGC 23.08 Decreased By ▼ -0.22 (-0.94%)
TBL 8.79 Increased By ▲ 0.04 (0.46%)
TELE 7.56 Decreased By ▼ -0.05 (-0.66%)
TPL 21.95 Decreased By ▼ -0.08 (-0.36%)
TPLP 12.50 Decreased By ▼ -0.06 (-0.48%)
TREET 21.70 Decreased By ▼ -0.03 (-0.14%)
TRG 55.60 Decreased By ▼ -0.19 (-0.34%)
Markets

Diesel cracks slip on higher crude prices

Published Updated

LONDON: Benchmark northwest European diesel refining margins fell on Tuesday, pressured by rising oil prices.

* Diesel demand in the barge market was slow on Tuesday, with a single barge changing hands in the afternoon trading window.

* Looming refinery maintenance in Europe is expected to support margins, traders said.

* Traders expect about 1.5 million barrels per day (bpd) of refining capacity to be offline in Europe in September.

* BP said it will begin a planned shutdown at the end of August on "some production facilities" at the Scholven site of its Gelsenkirchen oil refinery in Germany.

* Various units at the plant will be shut down for about seven weeks, BP said.

* Industry monitor Genscape detected slowing furnace stack activity on the vacuum distillation and fluid catalytic cracking units at Total's Antwerp oil refinery. Total declined to commend on the plant's operations.

Copyright Reuters, 2019

Comments

Comments are closed for this article.