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Europe Gasoline/Naphtha-Gasoline margins rise after Spanish refiner outages

ReutersApr 28, 2025 4:52 PM

- Northwest European gasoline profit margins rose by about $1.27 to $15.21 a barrel on Monday as some refineries in Spain stopped operations following a widespread power outage.

  • Trafigura sold Eurobob E5 barges to BP, BMV and Aramco.

  • Shell sold a barge of Eurobob E10 to Varo.

  • Several Spanish oil refineries, including both plants run by Spain's second largest refinery operator Moeve, were shut down on Monday after a widespread power outage hit Spain and Portugal.

  • EU and UK gasoline and blending component exports to other regions are expected to reach 1.05 million barrels per day (bpd) in April, up from 844,000 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)

$678.50 (13KT)

$678.75 (4KT)

Trafigura

Aramco, BP, BMV

Ebob Barges E10 Argus (fob AR)

$677.75 (4KT)

$676.75 on 3KT (1KT assessed)

Shell

Varo

May swap (fob ARA)

$667

$672.50

Premium Unleaded (fob ARA)

PU-10PP-ARA

$706

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

May + $5

May + $7

Ebob crack (per barrel)

$15.21

Prev. $13.94

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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