Europe Gasoline/Naphtha-Gasoline profit margins rise on lower stocks
LONDON, May 22 (Reuters) - Northwest European gasoline profit margins jumped by nearly $1 to $15.84 a barrel on Thursday as regional inventories fell to a near-seven month low.
A total of 17,400 metric tons of Eurobob E5 barges traded in the Argus window with ExxonMobil, Gunvor, Trafigura and Shell selling barges to TotalEnergies, Shell, MB Energy - formerly known as Mabanaft - and Gunvor.
A further 6,000 tons of Eurobob E10 barges traded, with Exxon and Gunvor selling to MB Energy and BP.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 9% to 1.11 million metric tons on the week, data from Dutch consultancy Insights Global showed on Thursday, in part due to higher exports to the U.S. and West Africa. ARA/
EU and UK gasoline and blending component exports to other regions are expected to reach 1.1 million barrels per day (bpd) in May, steady from levels in April of around 1.12 million bpd, 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) | $673.00 (17.4KT) | $680.25 (8KT) | Gunvor, Exxon, Shell, Trafigura | TotalEnergies, Shell, Gunvor, MB Energy | ||
Ebob Barges E10 Argus (fob AR) | $673.75 (6KT) | $685.25 (19.80KT) | Exxon, Gunvor | BP, MB Energy | ||
June swap (fob ARA) | $668.25 | $671.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $15.84 | Prev. $14.99 |
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.
