LONDON, June 11 (Reuters) - Northwest European gasoline profit margins fell by around 81 cents per barrel to $14.02 a barrel on Wednesday, after U.S. gasoline stocks rose by more than expected last week according to data from the Energy Information Administration (EIA).
A total of 16,000 metric tons of Eurobob E10 barges traded in the Argus window on Wednesday, with Shell, Gunvor and Sahara selling to Glencore, BMV Mineraloel, Varo and Trafigura.
A further 5,000 tons of Eurobob E5 barges traded, with Gunvor and Shell selling to BP, Trafigura and Varo.
U.S. gasoline stocks rose by 1.5 million barrels in the week to 229.8 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.9 million-barrel build.
U.S. President Donald Trump was set to sign three resolutions on Thursday approved by lawmakers barring California's electric vehicle sales mandates and diesel engine rules, auto industry and House aides told Reuters.
Russia's offline primary oil refining capacity expected in July has been revised up by 21% from the previous plan to 3.2 million metric tons due to adjustments to maintenance plans, according to Reuters calculations based on data from industry sources.
EU and UK gasoline and blending component exports to other regions averaged 1.01 million barrels per day (bpd) so far in June, compared with 1.16 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) | $687.50-687.75 (5KT traded) | $686.25 (6KT) | Gunvor, Shell | Varo, BP, Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $688.75 (16KT) | $684.50 (4KT) | Shell, Gunvor, Sahara | Glencore, BMV Mineraloel, Varo, Trafigura | ||
July swap (fob ARA) | $687.50 | $682 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July FOB Med +$22 bss Rijeka | Trafigura | BP | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
| Balmo Jun Flat | Balmo Jun Flat |
Ebob crack (per barrel) | $14.02 | Prev. $14.83 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 |