Europe Gasoline/Naphtha-Gasoline margins fall on weak export demand
LONDON, Feb 10 (Reuters) - Northwest European gasoline refining profit margins fell by about 70 cents on Monday to $10.50 a barrel as weak export demand weighed.
A total of 5,700 metric tons of E5 gasoline traded, as TotalEnergies sold barges to BP, Phillips66, and ExxonMobil.
Another 11,700 tons of E10 gasoline traded which Shell, Sahara, and Glencore sold to Varo and BP.
Nigeria's Dangote Oil refinery, Africa's largest, could begin operating at full capacity in 30 days, the head of the refinery said on Monday.
The 650,000-barrel-per-day refinery built by Nigerian
billionaire Aliko Dangote in Lagos began processing crude into products, including diesel, naphtha and jet fuel, in January last year and started processing petrol in September.
Russia's Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports by large producers in order to stabilise wholesale prices ahead of the crop-sowing season, state news agency TASS reported on Friday.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $728 | |||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $726.50 (5.7KT) | $720.25 (8KT) | TotalEnergies | BP, P66, ExxonMobil | ||
Ebob Barges E10 Argus (fob AR) | $725.75 (11.7KT) | $718.00 on 3KT assessed | Shell, Sahara, Glencore | Varo, BP | ||
March swap (fob ARA) | $723 | $715.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | $730 | |||||
Cargoes (fob MED) | Feb -$4 | |||||
Cargoes (cif NWE) |
| |||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $10.50 | Prev. $11.20 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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