
LONDON, Feb 21 (Reuters) - Northwest European gasoline refining profit margins rose on Friday to $9.38 a barrel but ended the week around 9% lower.
A total of 8,000 metric tons of E5 gasoline barges traded, as TotalEnergies and Vitol sold barges to BP, Vitol and Mabanaft.
Another 8,000 tons of Eurobob E10 barges traded as Trafigura and TotalEnergies sold barges to BP and Varo.
A 98 Ron gasoline barge traded, with Trafigura selling 1,000 tons to ExxonMobil at March swap +$52.00.
"Despite declines in both ARA and U.S. gasoline stocks, cracks decreased due to low U.S. demand, as reported by the EIA," LSEG analyst Mohammed Yasser said.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 4% on the week, their second decline in a row, data from Dutch consultancy Insights Global showed.
Gasoline stocks stood at 1.46 million metric tons, falling on higher exports, Insights Global's Lars van Wageningen said.
U.S. gasoline stocks USOILG=ECI fell by 151,000 barrels last week to 247.9 million barrels, the Energy Information Administration said, compared with expectations in a Reuters poll for a 6,000-barrel draw.
| 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) | $707.50-711.50 (8KT) | $713.75 (6KT) | TotalEnergies, Vitol | BP, Vitol, Mabanaft | ||
Ebob Barges E10 Argus (fob AR) | $708.25 (8 KT) | $720 (4KT) | Trafigura, TotalEnergies | BP, Varo | ||
March swap (fob ARA) | $707.75 | $722 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | $743 | |||||
Naphtha (cif NWE) NAF-C-NWE | March +$11 | Balmo Feb +$10 |
Ebob crack (per barrel) | $9.38 | Prev. $8.50 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |