Europe Gasoline/Naphtha-Gasoline refining margins rise on firm demand
LONDON, Feb 28 (Reuters) - Northwest European gasoline refining profit margins jumped by 85 cents to above $8 a barrel on Friday on brisk trading activity.
A total of 10,700 metric tons of E10 gasoline barges traded, as Trafigura sold to Varo and BP.
A further 29,000 tons of Eurobob E5 traded, 2,000 tons of which changed hands in the Platts window, as TotalEnergies and Gunvor sold to Vitol, Varo, Sahara and BP.
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 Feb. 27, data from Dutch consultancy Insights Global showed.
EU and UK gasoline exports are expected to end this month at 866,000 barrels per day, down from 960,000 bpd in January, Kpler data showed.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $683 (2KT) | $685 (4KT) | TotalEnergies | Varo | ||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $683 (27KT) | $682 (4.5KT) | TotalEnergies, Gunvor | BP, Sahara, Vitol, Varo | ||
Ebob Barges E10 Argus (fob AR) | $680.75 (10.7KT) | $683 (10.7KT) | Trafigura | BP, Varo | ||
March swap (fob ARA) | $684 | $687.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | March -$8 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | March +$5; March +$9; March +$8 |
Ebob crack (per barrel) | $8.07 | Prev. $7.22 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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