Europe diesel refining margins slide nearly 7%
Low-sulphur gasoil futures traded at $82.50 a barrel above Brent crude futures, down $6.02 from the previous close.
LONDON, Sept 21 (Reuters) — European diesel refining margins slumped by nearly 7% on Monday, tracking sharp losses in crude oil prices on hopes of diplomatic progress on the Iran war emerging from this week's UN meeting and as the US pressed Ukraine to ease attacks on Russian refineries. 02 lower than the previous close. Diesel prices rallied to record highs in Europe and the United States in recent weeks as wars in Iran and Ukraine sharply cut exports from big producers such as Russia, Saudi Arabia and the United Arab Emirates.
US President Donald Trump pressed his Ukrainian counterpart Volodymyr Zelenskiy in a call on Sunday to halt Kyiv's strikes on Russian refineries because of concerns that the attacks are exacerbating a global diesel shortage and pushing up prices, the Financial Times reported on Monday, citing unnamed sources. Trump said on Monday that Russia has "lost control" of its diesel industry and again reprised his call for an end to Moscow's war with Ukraine. Russia sharply increased diesel exports to Central Asian countries in August despite a ban on supplies to most foreign markets, traders said on Monday, citing recovering output. net/)