Europe Distillates — Diesel profit margins hold steady

LONDON, Oct 14 (Reuters) — Diesel refining profit margins were little changed on Wednesday ahead of an IEA meeting to coordinate a release from emergency stocks. Low-sulphur gasoil futures traded at $83.75 a barrel above Brent crude futures by 1553 GMT, 7 cents lower than the previous close Global diesel markets could remain tight well into next year, with resulting high prices driving inflation and hurting economic growth, as conflicts curb output from the Middle East and Russia, the International Energy Agency said on Wednesday The speed at which Europe plans to release its large diesel stocks will be the market focus when the International Energy Agency meets on Thursday, with analysts saying a rapid draw could push fuel prices lower but have little impact if spread over many months Russia has resumed diesel export loadings from the Baltic port of Primorsk following an agreement between Washington and Moscow to supply fuel to global markets, LSEG data showed Trades Bids Offers Previous Seller Buyer Session 0.1 GO Barge diffs fob ARA per ton 0.1 GO Nov Nov. Cargo -$15 -$17 diffs cif NWE per ton 0.1 GO Cargo diffs cif Med per ton 50ppm barge diffs fob ARA per ton Diesel Trades Bid