Europe Gasoline/Naphtha-Gasoline refining margins rise despite US stockbuild
LONDON, Feb 26 (Reuters) - Northwest European gasoline refining profit margins rose by about 26 cents on Wednesday, to $8.47 a barrel, even as U.S. stocks rose last week.
A total of 4,000 metric tons of E10 gasoline barges traded, as Gunvor sold to Varo.
A further 1,000 tons of Eurobob E5 traded, with Trafigura selling to BP.
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
U.S. gasoline stocks USOILG=ECI rose by 0.4 million barrels to 248.3 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.8 million-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) | $685.50 (1KT) | Trafigura | BP | |||
Ebob Barges E10 Argus (fob AR) | $681 (4KT) | Gunvor | Varo | |||
March swap (fob ARA) | $681.25 | $684.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $8.47 | Prev. $8.21 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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