
LONDON, March 19 (Reuters) - Northwest European gasoline refining profit margins fell by more than $2 a barrel on Wednesday to $5.38, amid weaker export demand.
A total of 4,000 metric tons of E5 gasoline barges traded as Vitol and Litasco sold to TotalEnergies and Trafigura.
Another 8,000 tons of Eurobob E10 traded as TotalEnergies sold to Mabanaft and Shell.
EU and UK gasoline exports are on track to reach 560,000 barrels per day in March, according to Kpler data, down from 870,000 bpd in February.
Nigeria's Dangote refinery announced on Wednesday that it was temporarily suspending fuel sales in the local naira currency to avoid a mismatch between sales in naira and purchases of crude in dollars.
The decision by the 650,000-barrel-per-day Dangote refinery to sell its fuel in dollars could lead to a hike in petrol prices and a weakening of the naira as local fuel traders scramble for greenbacks.
| 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) | $641 (4KT) | $656 (4KT) | Vitol, Litasco | Trafigura, TotalEnergies | ||
Ebob Barges E10 Argus (fob AR) | $662 (8KT) | $661 (14KT) | TotalEnergies | Mabanaft, Shell | ||
April swap (fob ARA) | $692.25 | $692.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Mar + $1 |
Ebob crack (per barrel) | $5.38 | Prev. $7.54 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |