Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, June 5 (Reuters) - Northwest European gasoline profit margins inched down to $15.36 a barrel on Thursday despite lower European stocks.
A total of 15,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell, TotalEnergies and Gunvor selling to Trafigura, MB Energy and BP.
A further 12,000 tons of Eurobob E10 barges traded, with Shell and Sahara selling to Trafigura and BP.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell nearly 6% on the week to around 1.02 million metric tons, the lowest since early October 2024, with flows going to the U.S. and Canada and more expected in the coming week, Insight Global's Lars van Wageningen said.
EU and UK gasoline and blending component exports to other regions reached 469,000 barrels per day (bpd) so far into June, down from 1.12 million bpd in May, 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) | $678.50 (15KT) | $678 (10KT) | Shell, Gunvor, TotalEnergies | BP, Trafigura, MB Energy | ||
Ebob Barges E10 Argus (fob AR) | $676.50 (12KT) | $672.50 (4KT) | Shell, Sahara | Trafigura, BP | ||
July swap (fob ARA) | $666 | $664 (June) | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
| June + $3 | June +$7 | June - $1 |
Ebob crack (per barrel) | $15.36 | Prev. $15.79 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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