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Europe Gasoline/Naphtha-Gasoline margins fall sharply

ReutersFeb 13, 2025 5:11 PM

- Northwest European gasoline refining profit margins fell by about $1.50 on Thursday to $8.99 a barrel even as regional inventories tumbled, as slow demand weighed.

  • A total of 14,000 metric tons of E5 gasoline traded, as TotalEnergies sold barges to BP, Varo, Vitol and Mabanaft.

  • Another 7,000 tons of E10 gasoline barges traded with Varo buying from Sahara and Trafigura.

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

  • Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 10% on the week, their first decline in seven weeks, data from Dutch consultancy Insights Global showed.

  • Gasoline stocks stood at 1.53 million metric tons, falling on higher exports to the United States and slowing imports, Insight Global's Lars van Wageningen said.

  • Meanwhile, 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 847,000 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)

$706 (14KT)

$721.25 (8KT)

TotalEnergies

BP, Vitol, Varo, Mabanaft

Ebob Barges E10 Argus (fob AR)

$709.75 (7KT)

$723 (3KT assessed)

Sahara, Trafigura

Varo

March swap (fob ARA)

$716

$720.50

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Feb -$7

Cargoes (cif NWE)

$753

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$8.99

Prev. $10.46

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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