Europe Gasoline/Naphtha-Gasoline profit margins dip
LONDON, June 17 (Reuters) - Northwest European gasoline profit margins fell by about $1.22 to $11.98 a barrel on Tuesday.
A total of 12,000 metric tons of Eurobob E5 barges traded, with Varo, Shell and ExxonMobil selling to Trafigura and BP.
A further 4,000 tons of Eurobob E10 barges traded, with TotalEnergies selling to Varo.
Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the United States support consumption, the International Energy Agency said on Tuesday.
Israel's Haifa-based Bazan Group said all refinery facilities have been shut down after a power station used to produce steam and electricity were significantly damaged in an attack by Iran, according to a regulatory filing on Monday.
EU and UK gasoline and blending component exports to other regions averaged 985,000 barrels per day (bpd) so far in June, lower than the 1.13 million bpd in May, Kpler data showed.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $721.00 (1KT) | Gunvor | Trafigura | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $732-734 (12KT) | $734(6KT) | Varo, Shell, ExxonMobil | Trafigura, BP | ||
Ebob Barges E10 Argus (fob AR) | $725.50 (4KT) | $718.04 (14KT) | TotalEnergies | Varo | ||
July swap (fob ARA) | $724.50 | $704.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Balmo June +$1 |
Ebob crack (per barrel) | $11.98 | Prev. $13.20 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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