Europe Gasoline/Naphtha-Gasoline margins fall, exports slow
LONDON, Feb 17 (Reuters) - Northwest European gasoline refining profit margins fell by 20 cents on Monday to $10.12 a barrel as European exports were on pace to slow.
A total of 8,000 metric tons of E5 gasoline traded, as TotalEnergies sold barges to BP and Varo.
A further 6,000 tons of E10 gasoline barges traded as Sahara and Shell sold to Mabanaft.
In the Platts window, Vitol sought a gasoline cargo in the Mediterranean, while Musket offered a cargo for Thames delivery.
UK and EU gasoline exports are on track to reach 777,000 barrels per day so far this month, compared with 893,000 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) | $716.75 (8KT) | $714.50 (8KT) | TotalEnergies | BP, Varo | ||
Ebob Barges E10 Argus (fob AR) | $723 (6KT) | $718.25 (3KT assessed) | Sahara, Shell | Mabanaft | ||
March swap (fob ARA) | $720.25 | $717.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | FOB Med flat | |||||
Cargoes (cif NWE) |
| $757 | ||||
Naphtha (cif NWE) NAF-C-NWE | Mar + $6 | Mar + $13 |
Ebob crack (per barrel) | $10.12 | Prev. $10.32 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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