Europe Gasoline/Naphtha-Gasoline margins slip to 17-month low
LONDON, March 7 (Reuters) - Northwest European gasoline refining profit margins fell by more than $2 a barrel to $2.94 on Friday, reaching the weakest point since October 2023 as a big rise in regional inventories weighed.
A total of 6,000 metric tons of E5 gasoline barges traded, as Litasco sold to Varo, Sahara and Trafigura.
A further 11,000 tons of Eurobob E10 traded, as Musket, Van Raak and TotalEnergies sold to Shell and Varo.
In the Platts window, Bayegan bought a Mediterranean gasoline cargo from Trafigura.
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 of 1.65 million metric tons on Thursday, data from Dutch consultancy Insights Global 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) | $615.75 (6KT) | $628.75 (4KT) | Litasco | Varo, Sahara, Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $633 (11KT) | $635.29 on 14KT | Musket, Van Raak, TotalEnergies | Shell, Varo | ||
April swap (fob ARA) | $674.75 | $665 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | FOB Med + $5 | Trafigura | BGN | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Mar + $1 | March +$2 |
Ebob crack (per barrel) | $2.94 | Prev. $5.40 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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