Europe Gasoline/Naphtha-Gasoline profit margins edge higher
LONDON, May 29 (Reuters) - Northwest European gasoline profit margins rose by 53 cents to $15.25 a barrel on Thursday.
A total of 2,000 metric tons of Eurobob E5 barges traded in the Argus window, with Litasco selling to Varo.
A further 20,000 tons of Eurobob E10 barges traded, with Shell, Trafigura and Gunvor selling to Varo, BP and Litasco.
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.
Singapore gasoline inventories fell to a seven-month low of 13.021 million barrels in the week to May 28. O/SING1
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $671 (2KT) | Trafigura | Varo | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $668 (2KT assessed) | $667.25-669.25 (6KT) | Litasco | Varo | ||
Ebob Barges E10 Argus (fob AR) | $670 (20KT) | $671.50 (4KT | Gunvor, Trafigura, Shell | Varo, Litasco, BP | ||
June swap (fob ARA) | $660.75 | $666.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | June + $10 |
Ebob crack (per barrel) | $15.25 | Prev. $14.72 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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