Europe Gasoline/Naphtha-Gasoline profit margins steady
LONDON, June 9 (Reuters) - Northwest European gasoline profit margins held steady at around $14.5 a barrel on Monday.
2,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell selling to Trafigura.
A further 12,000 tons of Eurobob E10 barges traded, with Gunvor, Trafigura and Shell selling to TotalEnergies, Varo and BP.
In the U.S., California's fuel imports rose to the highest in four years in May as refiners turned to historical trading partners in Asia and tapped some unusual routes to make up for shortages, according to shipping data and traders.
Total petroleum product imports into California rose to 279,000 barrels per day (bpd) in May, the highest since June 2021, according to data from Kpler
EU and UK gasoline and blending component exports to other regions reached 560,000 barrels per day (bpd) so far in June, compared with 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) | $682.25 (2KT) | $679.25 (4KT) | Shell | Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $679.75 (12KT) | $674.50 (10KT) | Shell, Trafigura, Gunvor | TotalEnergies, Varo, BP | ||
July swap (fob ARA) | $672 | $668.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July + $18 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
|
Ebob crack (per barrel) | $14.5 | Prev. $14.43 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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