Europe Gasoline/Naphtha-Gasoline profit margins rise despite higher fuel stocks
LONDON, June 12 (Reuters) - Northwest European gasoline profit margins rose to $14.71 a barrel on Thursday, despite a higher stock build.
A total of 6,000 tons of Eurobob E5 barges traded, with Gunvor and Shell selling to BP and Trafigura.
No Eurobob E10 barges traded in the Argus window.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose 2.3% to around 1.04 million metric tons on the week, data from Dutch consultancy Insights Global showed on Thursday.
Stocks rose despite there being strong demand on land markets, Insight Global's Lars van Wageningen said, attributing it to delays slowing down and allowing traders to build stocks.
EU and UK gasoline and blending component exports to other regions averaged 753,000 barrels per day (bpd) so far in June, lower than the 1.18 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) | $706.75 (6KT) | $687.50-687.75 (5KT traded) | Gunvor, Shell | BP, Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $703.50 (3KT assessed) | $688.75 (16KT) | ||||
July swap (fob ARA) | $693.75 | $687.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | fob MED +$20 | fob MED +$22 | July FOB Med +$22 bss Rijeka | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
|
Ebob crack (per barrel) | $14.71 | Prev. $14.02 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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