Europe Gasoline/Naphtha-Gasoline margins rise as US stocks fall
LONDON, April 23 (Reuters) - Northwest European gasoline profit margins rose by around $1.16 to $14.20 a barrel on Wednesday, as U.S. gasoline inventories fell by more than expected last week according to data from the Energy Information Administration (EIA).
A total of 9,000 metric tons of Eurobob E5 traded, with Trafigura selling barges to Litasco and BMV Mineraloel.
Another 5,300 tons of Eurobob E10 traded, with Shell and Litasco selling to BMV and Varo.
U.S. gasoline stocks fell by 4.5 million barrels in the week to 229.5 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel draw.
EU and UK gasoline and blending component exports to other regions are expected to reach 1.083 million barrels per day (bpd) in April, up from 864,000 bpd in March , Kpler data show.
| 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) | $683.25-689.25 (9 KT) | $676(6KT) | Trafigura | Litasco, BMV | ||
Ebob Barges E10 Argus (fob AR) | $669.25 (5.3 KT) | $674.50 (8KT) | Litasco, Shell, Gunvor | BMV, Varo, Litasco | ||
May swap (fob ARA) | $660.50 | $673.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | May -$2 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | May +$8 |
Ebob crack (per barrel) | $14.20 | Prev. $13.04 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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