Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, March 4 (Reuters) - Northwest European gasoline refining profit margins fell to $7.24 a barrel on Tuesday, while a cargo traded in the Mediterranean.
In the Platts window, Vitol bought a Mediterranean gasoline cargo from Trafigura.
A total of 6,000 metric tons of E5 gasoline barges traded, as ExxonMobil and BP sold to Mabanaft.
A further 6,000 tons of Eurobob E10 traded, as Trafigura and Gunvor sold barges to Shell and Varo.
EU and UK gasoline exports reached 781,000 barrels per day in February, down from 919,000 bpd in January, Kpler data showed.
| 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) | $654.25 (6KT) | $678.25 (6KT) | BP, ExxonMobil | Mabanaft | ||
Ebob Barges E10 Argus (fob AR) | $654.25 (6KT) | $671.25 on 4KT | Trafigura, Gunvor | Shell, Varo | ||
April swap (fob ARA) | $691.50 | $712.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | FOB Med + $7 | Trafigura | Vitol | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Mar + $6: Mar + $7 | +$2 with 04-14 March pricing; +$5 with COD+5 pricing |
Ebob crack (per barrel) | $7.24 | Prev. $9.13 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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