LONDON, May 15 (Reuters) - Northwest European gasoline profit margins fell by nearly 73 cents to $14.35 a barrel on Thursday despite lower stocks in northwest Europe.
A total of 8,000 metric tons of Eurobob E5 barges traded in the Argus window on Thursday, with Gunvor, Trafigura and Litasco selling to Shell, Varo, and Mabanaft.
A further 11,000 tons of E10 barges changed hands, with Gunvor selling to Varo.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell 6% to 1.21 million tons on higher seaborne exports to the Americas and firmer demand from inland locations, Insight Global's Lars van Wageningen said.
Russia's seaborne oil product exports in April fell 2.6% from March to 9.407 million metric tons, data from industry sources and Reuters calculations showed.
Meanwhile, EU and UK gasoline and blending component exports to other regions are expected to reach 1.5 million barrels per day in May, up from 1.18 million bpd in April, Kpler data showed.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $682 | |||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $663 (8KT) | $681.75 (7KT) | Gunvor, Trafigura, Litasco | Shell, Mabanaft, Varo | ||
Ebob Barges E10 Argus (fob AR) | $668.50 (11KT) | $685.03 (7.2KT) | Gunvor | Varo | ||
June swap (fob ARA) | $669.25 | $681.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $14.35 | Prev. $15.08 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 |