tradingkey.logo

Europe Gasoline/Naphtha-Gasoline margins edge higher

ReutersFeb 21, 2025 6:14 PM

- 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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI