Rotterdam Refinery Fire Supporting Gasoil Margins

Fuel output from BP’s Rotterdam refinery may be hit after a fire earlier on one of the crude processing units which is now contained.

• The refinery has two 200,000 bpd crude units – one of which is understood to be impacted.
• Fire brigades have left the refinery after putting the fire out.
• Other major Northwest European refineries are set for maintenance shortly which will tighten fuel production in the region at the same time Russian oil product imports have recently been banned.
• Gasoil margins are finding strength on news of the fire as the market awaits the severity of the incident.
• Gasoil MAR 23 up 2.7% at 861.5$/mt
• Gasoil MAR 23-APR 23 up 2.75$/mt at 11.5$/mt
• Gasoil APR 23-MAY 23 up 4.25$/mt at 20.5$/mt
• Gasoil JUN 23-DEC 23 up 2.5$/mt at 35.75$/mt
• Gasoil DEC 23-DEC 24 up 2.5$/mt at 44.5$/mt