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Europe Gasoline/Naphtha-Gasoline margins hold steady

ReutersApr 29, 2025 4:39 PM

- Northwest European gasoline profit margins were broadly steady on Tuesday, holding near their highest since early August, even as Spanish refineries that were hit by a widespread power blackout began to return online.

  • Trafigura and Litasco sold Eurobob E5 barges to BMV and Varo.

  • Varo and BMV also bought Eurobob E10 barges from Sahara and Vitol.

  • Spanish oil refineries operated by Moewe and Repsol were gradually returning online on Tuesday after a widespread power outage that hit Spain on Monday forced their shutdown, the companies said.

  • Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement, as the site transitions to an import terminal.

  • Russia's offline primary oil refining capacity is seen rising by 5.7% in May from April to 3.18 million metric tons, according to Reuters calculations based on data from industry sources.

  • EU and UK gasoline and blending component exports to other regions are expected to reach 1.07 million barrels per day (bpd) in April, up from 846,000 bpd in March, Kpler data showed.

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)

$668 (3.3KT)

$678.50 (13KT)

Litasco, Trafigura

Varo, BMV

Ebob Barges E10 Argus (fob AR)

$668.50 (3.3KT)

$677.75 (4KT)

Sahara, Vitol

Varo, BMV

May swap (fob ARA)

$658.50

$667

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

$699

Naphtha

(cif NWE)

NAF-C-NWE

May + $7

May + $8

Ebob crack (per barrel)

$15.13

Prev. $15.21

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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