Europe Gasoline/Naphtha-Gasoline profit margins edge lower
LONDON, May 30 (Reuters) - Northwest European gasoline profit margins fell slightly to about $15 a barrel on Friday despite a drop in regional inventories, as trading activity slowed down.
A total of 4,800 metric tons of Eurobob E5 barges traded in the Argus window, with Litasco and ExxonMobil selling to Varo, Shell and BP.
No barges of Eurobob E10 barges traded.
Total oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 1.5% on the week, data from Dutch consultancy Insights Global showed on Friday.
Total stocks stood at 5.62 million metric tons, the data showed.
Gasoline stocks fell 2.7% to 1.08 million tons to their lowest since Oct. 2024 as exports remained steady while inland demand increased, Insight Global's Lars van Wageningen said.
EU and UK gasoline and blending component exports to other regions are expected to reach 1.10 million barrels per day (bpd) in May, broadly steady from April levels, Kpler data showed.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $671 (2KT) | |||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $662.50 (4.8KT) | $668 (2KT assessed) | Litasco, ExxonMobil | Varo, Shell, BP | ||
Ebob Barges E10 Argus (fob AR) | $656.75 on 3kt (assessed) | $670 (20KT) | ||||
June swap (fob ARA) | $652 | $660.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $14.96 | Prev. $15.25 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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