Europe Gasoline/Naphtha-Gasoline profit margins inch lower
LONDON, June 10 (Reuters) - Northwest European gasoline profit margins edged lower to $14.16 a barrel on Tuesday despite lower volumes.
6,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell selling to Glencore.
A further 4,000 tons of Eurobob E10 barges traded, with Gunvor and Litasco selling to Trafigura and Varo.
Russia's TAIF-NK oil refinery will halt fuel production for a month of planned maintenance from June 15, three industry sources told Reuters, with one source adding that it would suspend fuel sales until July 20.
In 2024, the Russian refinery produced 600,000 tons of gasoline.
EU and UK gasoline and blending component exports to other regions reached 636,000 barrels per day (bpd) so far in June, compared with 1.15 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) | $686.25 (6KT) | $682.25 (2KT) | Shell | Glencore | ||
Ebob Barges E10 Argus (fob AR) | $684.50 (4KT) | $679.75 (12KT) | Gunvor, Litasco | Trafigura, Varo | ||
July swap (fob ARA) | $682 | $672 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July +$20 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
| Flat with 11-13 June pricing | June +$6 |
Ebob crack (per barrel) | $14.16 | Prev. $14.5 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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