Europe Gasoline/Naphtha-Gasoline margins end year lower
LONDON, Dec 31 (Reuters) - Northwest European gasoline refining profit margins ended the year lower at $7.47 per barrel, having started 2024 above $10 per barrel.
About 4,000 metric tons of Eurobob E5 barges traded. Shell sold to Trafigura.
A further 8,000 tons of Eurobob E10 traded. BP sold to Varo, Musket and Mabanaft.
Northwest European gasoline margins rose as high as $25 per barrel in April, then falling to remain below $10 per barrel in the last two months of 2024.
EU-27 and U.K. gasoline exports were set to drop sharply in December to 919,000 barrels per day (bpd), from 1.15 million bpd in November, according to Kpler data.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $697 | $700 | ||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $684 (4KT) | $675.50 (4KT) | Shell | Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $686 (8KT) | $677 (4KT) | BP | Musket, Mabanaft and Varo | ||
Jan swap (fob ARA) | $686.25 | $682.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) |
| |||||
Cargoes (cif NEW) |
| |||||
Naphtha (cif NEW) NAF-C-NWE | Jan +$5 | Jan + $3 |
Ebob crack (per barrel) | $7.47 | Prev. $6.09 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Enes Tunagur, Editing by Louise Heavens)
((Enes.Tunagur@thomsonreuters.com;))
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