Europe Gasoline/Naphtha-Gasoline margins rise
LONDON, April 22 (Reuters) - Northwest European gasoline refining profit rose $1.78 to $12.55 a barrel on Tuesday as European exports were on track to rise in April.
A total of 6,000 metric tons of Eurobob E5 traded, with Trafigura selling barges to Litasco and Varo.
Another 8,000 tons of Eurobob E10 traded, with Shell and Sahara selling to BP and Varo.
EU and UK gasoline and blending component exports to other regions are expected to reach 1.13 million barrels per day (bpd) in April, up from 953,000 bpd in March , Kpler data shows.
China's fuel exports rebounded in March as jet fuel and diesel shipments rose to multi-month highs, though weak profit margins kept exports below levels of a year earlier, customs data showed on Friday.
Total exports of refined oil products, which included diesel, gasoline, jet fuel and marine fuel, were down 12.9% at 5.24 million tons.
| 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) | $676(6KT) | $661.25 (18KT) | Trafigura | Litasco, Varo | ||
Ebob Barges E10 Argus (fob AR) | $674.50 (8KT) | $663.25 (9KT) | Gunvor, ExxonMobil | Varo, BP, TotalEnergies | ||
May swap (fob ARA) | $673.25 | $659.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | May - $1 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $12.55 | Prev. $10.77 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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