Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, May 23 (Reuters) - Northwest European gasoline profit margins fell by 42 cents to $15.26 a barrel on Friday.
A total of 13,400 metric tons of Eurobob E5 barges traded in the Argus window with ExxonMobil, Gunvor and Trafigura selling barges to TotalEnergies, Shell and BP.
A further 10,000 tons of Eurobob E10 barges traded, with TotalEnergies and Shell selling to Trafigura.
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 1.12 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) | $671.50(13.4 KT) | $673.00 (17.4KT) | Gunvor, Trafigura | TotalEnergies, Shell, BP | ||
Ebob Barges E10 Argus (fob AR) | $675 (10KT) | $673.75 (6KT) | TotalEnergies, Shell | Trafigura | ||
June swap (fob ARA) | $674.25 | $668.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $15.26 | Prev. $15.68 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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