Europe Gasoline/Naphtha-Gasoline profit margins tumble
LONDON, June 24 (Reuters) - Northwest European gasoline profit margins lost $3.70 a barrel to $15.69 on Tuesday, as exports are set to fall in June, according to data from ship tracking firm Kpler.
A total of 6,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Trafigura.
A further 16,000 tons of Eurobob E10 barges traded, which Shell and Gunvor sold to Varo and ExxonMobil.
EU and UK gasoline and blending component exports to other regions averaged 853,000 barrels per day (bpd) in June, lower than the 1.16 million bpd in May, Kpler data showed.
TotalEnergies reported a failure to a pressure control valve on the purchased hydrogen line at the reformer unit of its Port Arthur refinery in Texas on Monday.
Brazil's National Energy Policy Council (CNPE) will discuss raising the mandated proportion of ethanol in gasoline to 30% from a current 27% at a meeting on Wednesday, the Mines and Energy Ministry said on Tuesday.
| 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) | $709-702.50 (6KT) | $763.00-$765.50 (11.8KT) | Gunvor | Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $692.25 (16KT) | $752.50-$764.50 (10KT) | Shell, Gunvor | ExxonMobil, Varo | ||
July swap (fob ARA) | $687 | $750.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July FOB Med +$18 | Trafigura | BP | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | July +$4 |
Ebob crack (per barrel) | $15.69 | Prev. $19.39 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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