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Europe Gasoline/Naphtha-Gasoline margins rise

ReutersFeb 14, 2025 5:21 PM

- Northwest European gasoline refining profit margins rose by over $1 on Friday to $10.13 a barrel as regional inventories fell.

  • A total of 8,000 metric tons of E5 gasoline traded, as TotalEnergies and Trafigura sold barges to Litasco, ExxonMobil, Vitol and Sahara.

  • No barges of E10 gasoline barges traded.

  • In the Platts window, Trafigura offered a gasoline cargo in the Mediterranean, while Musket offered a cargo for Thames delivery. Neither offer attracted any buyers.

  • Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 10% in the week to Feb. 13, 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.

  • UK and EU gasoline exports are on track to reach 846,000 barrels per day so far this month, compared with 946,000 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)

$714.50 (8KT)

$706 (14KT)

TotalEnergies, Trafigura

Vitol, ExxonMobil, Sahara, Litasco

Ebob Barges E10 Argus (fob AR)

$718.25 (3KT assessed)

$709.75 (7KT)

March swap (fob ARA)

$717.50

$716

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Feb -$10

Cargoes (cif NWE)

$755

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$10.13

Prev. $8.99

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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