Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, May 28 (Reuters) - Northwest European gasoline profit margins fell by 85 cents to $14.62 a barrel on Wednesday.
A total of 6,000 metric tons of Eurobob E5 barges traded in the Argus window, with Litasco and Trafigura selling to Varo, Shell and MB Energy.
A further 4,000 tons of Eurobob E10 barges traded, with Gunvor selling to Varo.
Weekly U.S. inventory data from the EIA will emerge on Thursday, a day later than usual, after a public holiday in the United States on Monday.
Analysts polled by Reuters estimated U.S. gasoline stockpiles decreased by about 500,000 barrels last week.
EU and UK gasoline and blending component exports to other regions are expected to reach 1.04 million barrels per day (bpd) in May, down from levels in April of around 1.11 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) | $667.25-669.25 (6KT) | $668.25 (5KT) | Litasco, Trafigura | Varo, Shell, MB Energy | ||
Ebob Barges E10 Argus (fob AR) | $671.50 (4KT) | $671.26 (19KT) | Gunvor | Varo | ||
June swap (fob ARA) | $666.75 | $659.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | June +$13 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | June +$9 |
Ebob crack (per barrel) | $14.62 | Prev. $15.47 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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