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Europe Gasoline/Naphtha-Gasoline profit margins rise

ReutersMay 20, 2025 5:00 PM

- Northwest European gasoline profit margins rose by around 77 cents to $14.43 a barrel on Tuesday.

  • A total of 6,000 metric tons of Eurobob E5 barges traded in the Argus window on Tuesday, with Litasco and Gunvor selling barges to Aramco.

  • A further 4,000 tons of Eurobob E10 barges traded, with TotalEnergies selling the full volume to BP.

  • Trafigura, meanwhile, sold a 1,000-ton barge of 98 Ron gasoline to Varo at $746 a ton.

  • An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry, the U.S. Energy Information Administration said on Tuesday.

  • Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.

  • Meanwhile, EU and UK gasoline and blending component exports to other regions are expected to reach 1.1 million barrels per day (bpd) in May, compared with 1.13 million bpd in April, 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)

$667.50-674 (6KT)

$665.25 (5KT)

Litasco, Gunvor

Aramco

Ebob Barges E10 Argus (fob AR)

$676 (4KT)

$670(9KT)

TotalEnergies

BP

June swap (fob ARA)

$670.25

$668.50

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

June +$9

+$3 with 24-29 May pricing

Ebob crack (per barrel)

$14.43

Prev. $13.66

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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