Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, June 6 (Reuters) - Northwest European gasoline profit margins fell by $1 to $14.43 a barrel on Friday despite lower stocks.
A total of 4,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell and Gunvor selling to Trafigura and BP.
A further 10,000 tons of Eurobob E10 barges traded, with Shell and Sahara selling to Trafigura, Litasco 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.
India's fuel demand rose to 21.32 million metric tons in May, its highest in more than a year, Oil Ministry data showed on Friday. Gasoline sales rose 9.6% to 3.78 million tons, compared with 3.45 million tons last month, and were up 9.2% from levels a year ago.
| 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) | $679.25 (4KT) | $678.50 (15KT) | Shell, Gunvor, | BP, Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $674.50 (10KT) | $676.50 (12KT) | Shell, Sahara | Trafigura, BP, Litasco | ||
July swap (fob ARA) | $668.25 | $666 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
|
Ebob crack (per barrel) | $14.43 | Prev. $15.43 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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