Europe Gasoline/Naphtha-Gasoline margins jump on summer switch

LONDON, March 24 (Reuters) - Northwest European gasoline refining profit margins rose sharply by over $2 a barrel to $7.28 a barrel on Monday as the more expensive summer grade was included in the assessment.

• A total of 3,000 metric tons of E5 gasoline barges traded as Vitol and Litasco sold to TotalEnergies and Gunvor.

• A further 8,000 tons of Eurobob E10 traded as TotalEnergies sold Varo and Shell.

• Indian refiners will issue fewer tenders for crude oil purchases on the spot market in the coming months, company sources said on Monday, as Russian supplies bounce back from sanctions-related disruptions.

• Global energy trader Vitol said on Monday its 2024 turnover reached $331 billion, down almost 18% from a year earlier, as prices settled after two prior years of heavy disruptions to energy markets.

• Vitol, the world's largest independent oil trader and a major player in the liquefied natural gas (LNG) and power markets, does not disclose net profit. The firm's net profit was $13 billion in 2023, according to a Financial Times report, and $15 billion in 2022.

• EU and UK gasoline and blending component exports are on track to reach 780,000 barrels per day in March, according to Kpler data, down from 893,000 bpd in February.