tradingkey.logo

Europe Gasoline/Naphtha-Gasoline margins slip

ReutersMar 19, 2025 5:37 PM

- 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

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