Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 2 (Reuters) - Northwest European gasoline profit margins rose to about $15.79 a barrel on Monday despite lower European exports.
A total of 10,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell, TotalEnergies and ExxonMobil selling to Trafigura, BMV and BP.
A further 4,000 tons of Eurobob E10 barges traded, as Shell sold to Varo.
Gasoline consumption in Spain rose by 6.2% on the year in January-April to 6.64 million tons, according to data from Cores.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub 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 reached 1.07 million barrels per day (bpd) in May, down from 1.13 million bpd in April, 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) | $678 (10KT) | $662.50 (4.8KT) | Shell, ExxonMobil, TotalEnergies | BP, Trafigura, BMV | ||
Ebob Barges E10 Argus (fob AR) | $672.50 (4KT) | $656.75 on 3kt (assessed) | Shell | Varo | ||
June swap (fob ARA) | $664 | $652 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | June - $1 |
Ebob crack (per barrel) | $15.79 | Prev. $14.97 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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