Europe Gasoline/Naphtha-Gasoline margins soften, regional stocks drop
LONDON, April 24 (Reuters) - Northwest European gasoline profit margins fell slightly to $13.67 a barrel on Thursday but remained near two-week highs as inventories of the motor fuel fell on both sides of the Atlantic.
A total of 8,900 metric tons of Eurobob E5 traded, with Trafigura selling barges to TotalEnergies, Litasco and Mabanaft.
No Eurobob E10 barges traded.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 8% on the week to their lowest since November 2024, data from Dutch consultancy Insights Global showed on Thursday.
Gasoline stocks dropped to 1.28 million tons on higher seaborne exports to the Americas, Insight Global's Lars van Wageningen said.
U.S. gasoline stocks fell by 4.5 million barrels in the week to 229.5 million barrels, the Energy Information Administration 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 1.06 million barrels per day (bpd) in April, up from 865,000 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) | $671 (8.9KT) | $683.25-689.25 (9 KT) | Trafigura | TotalEnergies, Litasco, Mabanaft | ||
Ebob Barges E10 Argus (fob AR) | $668.75 (3KT assessed) | $667.50 (7.3 KT) | ||||
May swap (fob ARA) | $665.25 | $660.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | May +$8 |
Ebob crack (per barrel) | $13.66 | Prev. $14.20 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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