Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 30 (Reuters) - Northwest European gasoline profit margins rose by 70 cents on Monday to $12.69 a barrel.
A total of 18,000 metric tons of Eurobob E5 barges traded, as BP, Gunvor and Trafigura sold to TotalEnergies.
Britain's 113,000 barrels per day Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country's reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil.
Lindsey is one of six remaining oil refineries in Britain, according to the U.S. Energy Information Administration, and employs around 420 people, according to FTI, the refinery's special manager through the insolvency process.
EU and UK gasoline and blending component exports to other regions averaged 871,000 barrels per day (bpd) in June, lower than the 1.17 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) | $675 (18KT) | $669.75(4KT) | Gunvor | TotalEnergies, Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $673 (3KT assessed) | $669.75 (3KT) | Gunvor | Varo | ||
July swap (fob ARA) | $670 | $673.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July + $4 | July + $11 | July +$16 | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $12.69 | Prev. $11.97 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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