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Europe Gasoline/Naphtha-Gasoline margins fall as inventories swell

ReutersMar 6, 2025 5:46 PM

- Northwest European gasoline refining profit margins fell sharply by over $2 a barrel to $5.43 on Thursday as a big rise in regional inventories weighed.

  • A total of 4,000 metric tons of E5 gasoline barges traded, as Litasco and Varo sold barges to Varo and Mabanaft.

  • A further 14,000 tons of Eurobob E10 traded, as Musket, Trafigura, TotalEnergies and Petroineos sold to Shell and BP.

  • Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 12% on the week to a one-month high 1.65 million metric tons on Thursday, data from Dutch consultancy Insights Global showed.

  • Gasoline stocks rose on slower exports and even though demand from inland locations was firm, Insight Global's Lars van Wageningen said.

  • Meanwhile, US gasoline stocks by 1.4 million barrels last week to 246.8 million barrels, the Energy Information Administration said, compared with expectations in a Reuters poll for a 369,000-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)

$628.75 (4KT)

$638.50 (7.8KT)

Litasco, Varo

Varo, Mabanaft

Ebob Barges E10 Argus (fob AR)

$635.29 on 14KT

$647 (8KT)

Musket, Trafigura, TotalEnergies, Petroineos

Shell, Varo, BP

April swap (fob ARA)

$665

$668.50

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

FOB Med + $7

Trafigura

TotalEnergies

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

March +$2

Mar + $2

Ebob crack (per barrel)

$5.43

Prev. $7.60

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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