Europe Gasoline/Naphtha-Gasoline margins rise in thin trading
LONDON, Jan 31 (Reuters) - Northwest European gasoline refining profit margins rose by over $1 on Friday to $8.34 a barrel in thin trading activity, though high regional inventories and limited exports capped further gains.
No barges of E5 gasoline traded.
Varo bought about 5,000 metric tons of E10 gasoline from Shell and Sahara.
In the Platts window, Trafigura sold fob Barcelona cargo.
ARA gasoline stocks rose by over 2.5% in the week to Jan. 30 to 1.63 million tons, with refinery production in the region high while exports remain slow, said Insight Global's Lars van Wageningen.
Meanwhile, EU and UK gasoline exports are on track to reach 904,000 barrels per day (bpd) this month, Kpler data showed, down from 934,000 bpd in December.
| 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) | $716.25 assessed | $706.50 (3.5 KT) | ||||
Ebob Barges E10 Argus (fob AR) | $715 on 5KT | $707.50 (5KT) | Shell, Sahara | Varo | ||
Feb. swap (fob ARA) | $714 | $719 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Feb +$4.50 | |||||
Cargoes (cif NWE) |
| |||||
Naphtha (cif NWE) NAF-C-NWE | Feb + $4 |
Ebob crack (per barrel) | $8.34 | Prev. $7.26 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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