Europe Gasoline/Naphtha-Gasoline margins rise on lower ARA stocks
LONDON, May 1 (Reuters) - Northwest European gasoline profit margins rose by over $2 to $15.87 a barrel on Thursday as inventories in northwest Europe fell to their lowest in five months.
Gunvor, Sahara, and Litasco sold over 15,000 metric tons of Eurobob E5 on barges to Aramco, TotalEnergies, Shell, Mabanaft, BP and Sahara.
Shell and Van Raak sold another 6,000 tonnes of Eurobob E10 to Varo and BP.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped by over 5% on the week to 1.2 million tons on steady exports to the U.S. and Canada, while imports slowed down, Insight Global's Lars van Wageningen said.
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) | $644 (15KT) | $646 (9.2KT) | Litasco, Gunvor, Sahara | Aramco, TotalEnergies, Shell, BP, Mabanaft, Sahara | ||
Ebob Barges E10 Argus (fob AR) | $ | $645.50 (6KT) | Shell, Van Raak | Varo, BP | ||
May swap (fob ARA) | $647 | $654.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | May + $2 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | May + $5 | May + $7 |
Ebob crack (per barrel) | $15.87 | Prev. $13.79 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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