Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 19 (Reuters) - Northwest European gasoline profit margins rose by $1.47 to $14.34 a barrel on Thursday despite higher stocks.
A total of 8,800 metric tons of Eurobob E5 barges traded, with Varo, Gunvor, Exxon and Vitol selling to Trafigura, BP, BMV and MB Energy.
A further 7,000 tons of Eurobob E10 barges traded, with TotalEnergies, Sahara and Shell selling to Exxon and Varo.
Gasoline stocks rose 7.1% to around 1.11 million tons despite export activity, due to delays at loading ports, data from Dutch consultancy Insights Global showed.
Japanese Prime Minister Shigeru Ishiba said the government would work to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, ensuring the nationwide gasoline price on average would not exceed around 175 yen ($1.20) per litre.
EU and UK gasoline and blending component exports to other regions averaged 864,000 barrels per day (bpd) in June, lower than the 1.01 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) | $764-766 (8.8 KT) | $741.50 (8KT) | Varo, Gunvor, Exxon, Vitol | BP, Trafigura, MB Energy, BMV | ||
Ebob Barges E10 Argus (fob AR) | $754.50- 767.50 (7KT) | $733.50-744.5 (12KT) | Sahara, Shell | Exxon, Varo | ||
July swap (fob ARA) | $762.50 | $730 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July +$26 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Balmo June +$4 | Balmo June +$2 |
Ebob crack (per barrel) | $14.34 | Prev. $12.87 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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