Europe Gasoline/Naphtha-Gasoline profit margins on brisk trading
LONDON, May 21 (Reuters) - Northwest European gasoline profit margins rose by around 50 cents to $14.99 a barrel on Wednesday despite an unexpected rise in U.S. inventories as trading activity picked up.
A total of 8,000 metric tons of Eurobob E5 barges traded in the Argus window with Trafigura and Gunvor selling barges to Shell.
A further 19,800 tons of Eurobob E10 barges traded, with TotalEnergies, Shell, and Gunvor selling to Varo and BP.
U.S. gasoline stocks USOILG=ECI rose by 816,000 barrels to 225.5 million barrels last week, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 520,000-barrel draw.
Gasoline supplied, a proxy for demand, fell last week to 8.6 million barrels per day, down from 8.8 million bpd a week earlier. U.S. gasoline futures RBc1 turned negative after the data.
EU and UK gasoline and blending component exports to other regions are expected to reach 995,000 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) | $680.25 (8KT) | $667.50-674 (6KT) | Trafigura, Gunvor | Shell | ||
Ebob Barges E10 Argus (fob AR) | $685.25 (19.80KT) | $676 (4KT) | TotalEnergies, Shell, Gunvor | Varo, BP | ||
June swap (fob ARA) | $671.75 | $670.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | $688 | |||||
Cargoes (cif NEW) | ||||||
Naphtha (cif NEW) NAF-C-NWE | June +$5 | June +$8 | June +$9 |
Ebob crack (per barrel) | $14.99 | Prev. $14.43 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Related Articles
NVIDIA–Oracle–OpenAI: AI Growth Engine or Warning Signs of a Bubble?
TradingKey - Earlier this week, NVIDIA announced a preliminary partnership with OpenAI to jointly deploy 10 gigawatts of compute capacity.
Can $100 Billion Change the Future of AI? The Inside Story of Nvidia and OpenAI’s Mega Partnership
TradingKey - Recently, headlines around the world spotlighted Nvidia’s deal to invest up to $100 billion in OpenAI, a move that’s already being called one of the boldest bets in the history of artificial intelligence.
U.S. Q2 GDP Commentary: Unsustainable Growth Rebound, What’s Next for the Stock Market?
TradingKey - On 25 September 2025, the U.S. released the final Q2 GDP data. The data showed that the annualised quarter-on-quarter real GDP growth rate was 3.8%, surpassing the preliminary estimates of 3% in July and 3.3% in August.
U.S. August PCE Preview: Four-Run PCE Bounce Challenges the Fed’s Three-Cut Plan
TradingKey - The U.S. Bureau of Economic Analysis (BEA) will release the August Personal Consumption Expenditures (PCE) Price Index on Friday, September 26, with markets closely watching how much tariff pass-through effects have influenced inflation.
U.S. August PCE: Inflation Remains the Market's Greatest Risk
Our baseline forecast anticipates sustained asset price increases. However, if inflation surpasses market expectations in the coming months, it could hinder further rate cuts and pose the greatest risk to financial markets.
