Europe Gasoline/Naphtha-Gasoline profit margins slide on higher crude prices
LONDON, June 13 (Reuters) - Northwest European gasoline profit margins fell by about 77 cents to $13.94 a barrel on Friday as sharp gains in crude prices in the of an Israeli attack on Iran weighed.
A total of 4,000 metric tons of Eurobob E5 barges traded, with Gunvor selling to BP and Trafigura.
A further 14,000 tons of Eurobob E10 barges traded as Gunvor sold to TotalEnergies and Varo.
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 804,000 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) | $733 (4KT) | $706.75 (6KT) | Gunvor | BP, Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $726 on (14KT) | $703.50 (3KT assessed) | Gunvor | TotalEnergies, Varo | ||
July swap (fob ARA) | $716.75 | $693.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July +$21 | July +$23 | ||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | June +$1 |
Ebob crack (per barrel) | $13.94 | Prev. $14.71 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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