Europe Gasoline/Naphtha-Gasoline margins rise even as US stocks increase
LONDON, Jan 8 (Reuters) - Northwest European gasoline refining profit margins rose by over $1 to $7.32 a barrel on Wednesday, even as data showed a bigger than expected increase in U.S. inventories.
About 8,000 metric tons of Eurobob E5 barges traded. Shell and BP sold to Gunvor, Sahara and TotalEnergies.
A further 6,000 tons of E10 gasoline traded. BP and Total sold to Varo.
U.S. gasoline stocks rose by 6.3 million barrels last week to 237.7 million barrels, EIA data showed, compared with analysts' expectations for a 1.5 million-barrel build.
EU-27 and UK gasoline exports reached 908,000 barrels per day in December, Kpler data showed, down from 1.2 million bpd in November.
EU-27 and UK gasoline exports to the U.S. dropped to 152,000 bpd in December, from 210,000 bpd in November, according to Kpler. Exports to West Africa fell nearly 40% to 246,000 bpd.
Sales of gasoline in India were up 10.8% in December from a year earlier at 3.3 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | ||||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $700-$703 | $698.50 (6KT) | Shell, BP | Gunvor, Sahara, Total | ||
Ebob Barges E10 Argus (fob AR) | $700.75-$703.25 | $697.50 (4KT) | BP, Total | Varo | ||
Feb. swap (fob ARA) | $705.50 | |||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Feb -$1.50; Feb -$2 | Jan +$3 | ||||
Cargoes (cif NWE) |
| $742 | ||||
Naphtha (cif NWE) NAF-C-NWE | Jan + $3 |
Ebob crack (per barrel) | $7.31 | Prev. $6.06 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Ron Bousso
Editing by Mark Potter)
((Ron Bousso
email: ron.bousso@thomsonreuters.com
Twitter: https://twitter.com/ronbousso1
Tel.: +44 (0)207 542 2161
Reuters Messaging: ron.bousso.reuters.com@reuters.net))
Related Articles
Can Broadcom Deliver a Strong Q3 Earnings After Nvidia & Marvell Show Signs of Weakness?
TradingKey - Broadcom (AVGO.US), the leader in ASIC (application-specific integrated circuit) chips, will release its Q3 FY2025 earnings after the U.S. market close on September 4. After Nvidia and another key ASIC player, Marvell Technology, delivered underwhelming results, investors are looking to
U.S. August Nonfarm Payroll Preview: Risks Focus on Downward Revision of July Data
TradingKey - On 5 September 2025, the U.S. Department of Labour will release the August Non-Farm Payrolls report. The market widely expects August to see an addition of 75,000 non-farm jobs, roughly in line with July’s 73,000.
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks ahead
[Reuters Analysis] China uses yuan as olive branch in US trade talks: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 3 (Reuters) - A notable trend this year has been the often-counterintuitive market reactions to U.S. President Donald Trump's efforts to upend many long-held economic norms. One of the biggest surprises has been the appreciation of China's yuan.The con...
Eurozone August CPI Commentary: Will the Euro's Range-Bound Fluctuation Continue?
TradingKey - On 2 September 2025, the Eurozone released its inflation data for August. The headline Consumer Price Index (CPI) edged up to 2.1% from 2.0% in July, in line with market expectations; the core CPI remained unchanged from July at 2.3%, 0.1 percentage points higher than the market ...
