Europe Gasoline/Naphtha-Gasoline margins jump on US inventory drawdown
LONDON, April 30 (Reuters) - Northwest European gasoline profit margins rose by over $1 to $16.42 a barrel on Wednesday as US inventories fell more than expected.
Trafigura, Sahara, and Litasco sold over 9,000 metric tons of Eurobob E5 on barges to Varo, Trafigura, BP, and Sahara.
Shell and Gunvor sold another 6,000 tonnes of Eurobob E10 to Varo and Sahara.
US Gasoline stocks USOILG=ECI fell by 4 million barrels last week to 225.5 million barrels, the Energy Information Administration said, compared with forecasts in a Reuters poll for a 1 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 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) | $646 (9.2KT) | $668 (3.3KT) | Litasco, Trafigura, Sahara | Varo, Trafigura, BP, Sahara | ||
Ebob Barges E10 Argus (fob AR) | $645.50 (6KT) | $668.50 (3.3KT) | Shell, Gunvor | Varo, Sahara | ||
May swap (fob ARA) | $654.50 | $658.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | May flat | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $16.42 | Prev. $15.13 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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