Europe Gasoline/Naphtha-Gasoline profit margins inch up
LONDON, June 3 (Reuters) - Northwest European gasoline profit margins rose to about $16.08 a barrel on Tuesday.
A total of 8 metric tons of Eurobob E5 barges traded in the Argus window, with Varo and TotalEnergies selling to Trafigura, BP and MB Energy, formerly known as Mabanaft.
A further 3 tons of Eurobob E10 barges traded, with Shell selling to Varo and BMV.
BP's Rotterdam oil refinery had two of its crude units offline on Tuesday morning due to an unplanned outage, energy consultancy Wood Mackenzie said, adding that it expects the unit to restart imminently as it is likely an unplanned outage.
Another 200,000 bpd crude unit at the refinery shut down on May 1, while planned works at the unit were expected to start in April, Wood Mackenzie added.
EU and UK gasoline and blending component exports to other regions reached 1.09 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) | $676.50 (8KT) | $678 (10KT) | Varo, TotalEnergies | BP, Trafigura, MB Energy | ||
Ebob Barges E10 Argus (fob AR) | $670.50(3KT) | $672.50 (4KT) | Shell | Varo, BMV | ||
July swap (fob ARA) | $669 | $664 (June) | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | June +$7 | June - $1 |
Ebob crack (per barrel) | $16.08 | Prev. $15.79 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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