Europe Gasoline/Naphtha-Gasoline profit margins slip on higher inventories
LONDON, June 20 (Reuters) - Northwest European gasoline profit margins fell by over $1 to $13.18 a barrel on Friday as higher regional inventories weighed.
A total of 6,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Trafigura.
A further 8,000 tons of Eurobob E10 barges traded, which Varo bought from Sahara and Gunvor.
Gasoline stocks in the Amsterdam-Rotterdam-Antwerp storage hub rose 7.1% to around 1.11 million tons in the week to June 19, data from Dutch consultancy Insights Global showed.
EU and UK gasoline and blending component exports to other regions averaged 897,000 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) | $760.25 (6KT) | $764-766 (8.8 KT) | Gunvor | Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $756.75 (8KT) | $754.50- 767.50 (7KT) | Sahara, Gunvor | Varo | ||
July swap (fob ARA) | $748.75 | $762.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July +$23 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | July +$2 |
Ebob crack (per barrel) | $13.18 | Prev. $14.34 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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