Europe Gasoline/Naphtha-Gasoline refining margins soften
LONDON, March 3 (Reuters) - Northwest European gasoline refining profit margins fell slightly to $7.95 a barrel on Monday as export activity slowed.
A total of 4,000 metric tons of E10 gasoline barges traded, as Trafigura sold to Varo and Shell.
A further 7,000 tons of Eurobob E5 traded, as Vitol, Litasco and Exxon Mobil sold to TotalEnergies, Musket and Mabanaft.
EU and UK gasoline exports reached 782,000 barrels per day in February, down from 977,000 bpd in January, Kpler data showed.
EBOB blend margins remain unworkable, Sparta Commodities analyst Philip Jones-Lux said, as the gasoline-naphtha spread remains narrow. "This should be broadly supportive for prompt EBOB, which we would expect to now recovery somewhat next week," he added.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $671 | $683 (2KT) | Vitol | TotalEnergies | ||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $678.25 (6KT) | $683 (27KT) | Litasco, ExxonMobil | Musket, Mabanaft | ||
Ebob Barges E10 Argus (fob AR) | $671.25 on 4KT | $680.75 (10.7KT) | Trafigura | Shell, Varo | ||
April swap (fob ARA) | $712.25 | $684 (March) | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | +$2 with 04-14 March pricing; +$5 with COD+5 pricing | March +$5; March +$9; March +$8 |
Ebob crack (per barrel) | $7.95 | Prev. $8.07 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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