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Europe Gasoline/Naphtha-Gasoline margins slip despite US stock fall

ReutersFeb 12, 2025 6:12 PM

- Northwest European gasoline refining profit margins fell by about 43 cents on Wednesday to $10.46 a barrel despite an unexpected fall in U.S. inventories, as low export demand weighed.

  • A total of 8,000 metric tons of E5 gasoline traded, as TotalEnergies sold barges to BP, Varo and Musket.

  • No E10 gasoline barges traded.

  • In the Platts window, Trafigura offered a gasoline cargo in the Mediterranean, while Vitol sought a cargo. Musket offered a cargo for Thames delivery.

  • U.S. gasoline stocks USOILG=ECI fell by 3 million barrels last week to 248.1 million barrels, according to the Energy Information Administration, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel build.

  • UK and EU gasoline exports are on track to reach 816,000 barrels per day so far this month, compared with 1.43 million bpd in January, Kpler data show.

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)

$721.25 (8KT)

$737.50 (3KT)

TotalEnergies

BP, Musket, Varo

Ebob Barges E10 Argus (fob AR)

$723 (3KT assessed)

$736.25 (5KT)

March swap (fob ARA)

$720.50

$732

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Feb -$3

Feb -$7

Cargoes (cif NWE)

$762

Naphtha

(cif NWE)

NAF-C-NWE

March +$10

Ebob crack (per barrel)

$10.46

Prev. $10.89

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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