Europe Gasoline/Naphtha-Gasoline profit margins edge higher
LONDON, July 2 (Reuters) - Northwest European gasoline profit margins edged higher on Wednesday to $13.61 a barrel despite an unexpected stock build in the U.S.
A total of 23,000 metric tons of Eurobob E5 barges traded, as BP and Trafigura sold to Gunvor, Aramco, BMV and Varo.
An additional 7,800 tons on Eurobob E10 barges also traded, with Shell and Trafigura selling to MB Energy, Varo and TotalEnergies.
In the U.S., crude oil and gasoline inventories rose unexpectedly last week as both exports and demand fell sharply, the Energy Information Administration (EIA) said in a report.
Gasoline stocks rose by 4.2 million barrels in the week ending June 27, to 232.1 million barrels, the EIA said, compared with expectations for a 236,000-barrel draw, while product supplied of gasoline-a proxy for demand-fell by 1.1 million barrels per day to 8.6 million bpd.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $693 | $682 | BP | Varo | ||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $686.75-$694.00 (23KT) | $669.75-$673.00 (22KT) | BP, Trafigura | Gunvor, Aramco, BMV, Varo | ||
Ebob Barges E10 Argus (fob AR) | $685.50-$688.50 (7.8KT) | $675.00 3KT (assessed) | Shell, Trafigura | MB Energy, Varo, TotalEnergies | ||
August swap (fob ARA) | $676.75 | $670 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | July +$10 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $13.61 | Prev. $13.34 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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