Diesel Margin Decline in Northwest Europe
Reuters reported on 11‑11‑2026 at 12:48 am that diesel refining margins across Northwest Europe fell by more than seven percent on Tuesday, driven by a broader slide in oil prices to fresh two‑month lows. The article notes three spread indicators: LCO at –0.64 %, LGO at –2.71 %, and the differential between LGOc1 and LCOc1 at –5.65 %.
Low‑sulphur gasoil (LGO) futures were quoted at a $67.01 per barrel premium to Brent crude futures as of 17:26 GMT, representing a $5.58 reduction from the previous session’s close. Concurrently, Brent‑linked oil prices declined roughly 2 %, a movement attributed to U.S. officials downplaying the necessity for additional military action against Iran, which eased market concerns over potential Middle‑East supply disruptions.
In a related comment, Russian Foreign Minister Sergei Lavrov told the Moscow daily Kommersant that the existing agreement under which Russia supplies diesel to the United States and global markets is already operational and is contributing to lower diesel prices.
The piece was generated with AI assistance and subsequently reviewed by editor Jaiveer Shekhawat.