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Europe Gasoline/Naphtha-Gasoline margins fall on expectations of US stocks build

ReutersDec 30, 2024 6:17 PM

- Northwest European gasoline refining profit margins fell by about 66 cents on Monday to $6.04, as analyst forecasts suggested a rise in U.S. gasoline stocks last week.

  • About 4,000 metric tons of Eurobob E5 barges traded. Shell sold to Trafigura.

  • A further 4,000 tons of Eurobob E10 traded, which Shell sold to Varo.

  • Analysts estimated stockpiles of gasoline USOILG=ECI rose by about 400,000 barrels over the week to Dec. 27, a Reuters poll showed on Monday.

  • Gasoline inventories independently held in ARA storage fell by 1% on the week to 1.36 million tons but levels remained near their highest in more than a year, data from Dutch consultancy Insights Global showed on Friday.

  • Nigeria said on Monday that it had resumed some operations at its Warri oil refinery after almost a decade of shutdowns - one of a string of long-running failures that have left Africa's largest crude exporter importing most of its fuel.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

EUROBOB-ARA

$696

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob AR)

$675.50 (4KT)

$679.25 (6KT)

Shell

Trafigura

Ebob Barges E10 Argus (fob AR)

$677 (4KT)

$678.25 (assessed)

Shell

Varo

Jan swap (fob ARA)

$682.50

$678.50

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NEW)

Naphtha

(cif NEW)

NAF-C-NWE

Jan +$6

Ebob crack (per barrel)

$6.04

Prev. $6.70

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

(Reporting by Robert Harvey
Editing by David Goodman
)

((Robert.Harvey@thomsonreuters.com; +447552256587;))

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