Europe Gasoline/Naphtha-Gasoline refining margins slip on higher stocks
LONDON, Feb 27 (Reuters) - Northwest European gasoline refining profit margins fell by $1.25 on Thursday to $7.22 a barrel as higher Atlantic basin stocks weighed.
A total of 10,700 metric tons of E10 gasoline barges traded, as Shell sold to Varo and BP.
A further 9,500 tons of Eurobob E5 traded, 4,000 tons of which changed hands in the Platts window, as Varo and Phillips 66 bought barges from TotalEnergies and Gunvor.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area rose marginally to 1.47 million metric tons in the week to Thursday, data from Dutch consultancy Insights Global showed.
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 | $685 (4KT) | TotalEnergies | Varo | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $682 (4.5KT) | $685.50 (1KT) | Gunvor | Phillips66, Varo | ||
Ebob Barges E10 Argus (fob AR) | $683 (10.7KT) | $681 (4KT) | Shell | Varo, BP | ||
March swap (fob ARA) | $687.75 | $681.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | March -$10, March -$6.50 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | March 15-31 pricing +$6 |
Ebob crack (per barrel) | $7.22 | Prev. $8.47 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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