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Europe Gasoline/Naphtha-Gasoline profit margins jump

ReutersJun 18, 2025 4:59 PM

- Northwest European gasoline profit margins jumped by about $2 to $12.87 a barrel on Wednesday, despite data from the U.S. Energy Information Administration (EIA) showing fuel stocks gained last week.

  • A total of 8,000 metric tons of Eurobob E5 barges traded, with Varo and Shell selling to Trafigura and BP.

  • A further 12,000 tons of Eurobob E10 barges traded, with TotalEnergies, Sahara, Shell and Trafigura selling to Exxon, MB Energy, Varo and BP.

  • In the U.S., the EIA said gasoline inventories rose by 209,000 barrels for the week ending June 13, compared with forecasts for a 627,000-barrel build.

  • China's exports of refined products, which include diesel, gasoline, aviation fuel and marine fuel, dropped 17.7% year-on-year to 4.41 million tons in May due to maintenance at both state-owned and independent refiners.

  • Russia increased gasoline exports by railway by a quarter year-on-year between January and May to around 2.51 million tons on an easing fuel embargo, two market sources said and Reuters calculations showed.

  • A 90,000 metric ton cargo of gasoline from Nigeria's Dangote refinery will be sold out of the region for the first time and bound for Asia, a source familiar with the matter said. Previously, the refinery's cargoes have stayed in west Africa.

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)

$741.50 (8KT)

$732-734 (12KT)

Varo, Shell

BP, Trafigura

Ebob Barges E10 Argus (fob AR)

$733.50-744.5 (12KT)

$725.50 (4KT)

TotalEnergies, Sahara, Shell, Trafigura

Exxon, MB Energy, Varo, BP

July swap (fob ARA)

$730

$724.50

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Balmo June +$2

Balmo June +$1

Ebob crack (per barrel)

$12.87

Prev. $10.85

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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