tradingkey.logo

Europe Gasoline/Naphtha-Gasoline margins fall on slow buying

ReutersMar 11, 2025 5:27 PM

- Northwest European gasoline refining profit margins fell by 67 cents on Tuesday to $4.03 a barrel on weaker buying activity.

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

  • A further 4,000 tons of Eurobob E10 traded, as TotalEnergies sold to Shell.

  • Shipping operations resumed at commercial ports in Britain's Humber estuary on Tuesday with no special measures in place following a collision in the North Sea, but movements in and out of ports were still affected by the incident.

  • The four ports under the authority of Associated British Ports - Hull, Immingham, Goole, and Grimsby - had been allowing vessels in and out since Monday night, following the collision at sea of a container ship with a tanker, an ABP spokesperson said.

  • Nigeria's state oil company NNPC Ltd has begun discussions with the Dangote Oil Refinery to extend its contract for supplying crude oil in the naira currency, the company said.

  • The original six-month agreement, which ends later this month, was implemented in October after local refineries, including the Dangote facility, reported difficulties securing crude supplies.

  • EU and UK gasoline exports are on track to reach 435,000 barrels per day in March, according to Kpler data, compared with 879,000 bpd in February.

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)

$618.50 (4KT)

$619 (5.5KT)

Litasco

Glencore

Ebob Barges E10 Argus (fob AR)

$633.50 (4KT)

$638 (4KT)

Totsa

Shell

April swap (fob ARA)

$677.25

$671.25

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

April +$7

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

March +$2, April +$15

Ebob crack (per barrel)

$4.03

Prev. $4.70

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI