Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Vitol Buys Europe Naphtha; Jet Fuel Premium Falls: Oil Products

Nov. 14 (Bloomberg) -- Naphtha rose in northwest Europe as Vitol Group purchased two cargoes.

Jet fuel declined relative to gasoil on the ICE Futures Europe exchange in London. Gasoil futures rose.

Light Products

The naphtha cargoes traded at $929 and $930 a metric ton, according to a survey of brokers and traders monitoring the Platts pricing window which ends at 4:30 p.m. London time. That compares with deals on Nov. 8 at $915 to $920.

Naphtha’s discount to Brent widened 5 cents to $4.52 a barrel, according to data from PVM Oil Associates Ltd., a crude and products broker in London.

Gasoline barges for loading in the Amsterdam-Rotterdam-Antwerp hub traded from $951 to $963 a ton, a survey of the Argus Bulletin Board and Platts showed. That compares with deals from $953 to $957 yesterday.

The trades are for Eurobob grade, to which ethanol is added to make finished fuel. Barges typically trade in lots of 1,000 tons or 2,000 tons.

The fuel’s crack, or premium to Brent, rose to $4.19 a barrel as of 1:32 p.m. local time, PVM data showed. That compares with $4.05 yesterday.

Demand for gasoline in Italy fell 8.2 percent to 714,000 tons, according to data by the Ministry of Economic Development.

Middle Distillates

Total SA bought a diesel cargo from Royal Dutch Shell Plc at a premium of $45 a ton to December gasoil for delivery to Le Havre in northern France, according to the survey of Platts. That compares with a deal yesterday at $43 for delivery to the U.K.

Diesel barges changed hands at premiums of $26 to $41 a ton to December ICE gasoil, the survey showed. That compares with trades yesterday at $32 and $34.

Jet fuel barges traded at premiums of $78 a ton to December gasoil, according to the survey. That compares with a Nov. 12 deal at $82.

Gasoil barges traded at discounts of $3 and $4 a ton to December gasoil futures, little changed from yesterday, it showed.

Gasoil for December delivery rose $7.50, or 0.8 percent to $930.75 a ton on ICE as of 5:30 p.m. London time.

Gasoil’s crack fell to $15.38 a barrel versus $15.78 at 4:30 p.m. yesterday. Brent added 1.5 percent, to $109.88 a barrel on ICE.

Demand for gasoil and diesel in Italy dropped 6.3 percent to 2.42 million tons last month, government data showed today.


High-sulfur fuel oil traded at $587 to $589 a ton, the survey of Platts showed. That compares with $583 yesterday.


Saras SpA plans to halt several units at its Sarroch refinery in Italy next year. An alkylation unit and visbreaker will shut in the first quarter, according to a presentation on its website.

Mild hydrocracker 2 will close in the second and third quarters and MHC 1 will halt in the fourth quarter for maintenance, the company said. The refinery can process about 300,000 barrels of crude a day, data compiled by Bloomberg show.

To contact the reporter on this story: Nidaa Bakhsh in London at

To contact the editor responsible for this story: Stephen Voss at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.