Europe Gasoline/Naphtha-Gasoline profit margins gain
LONDON, July 3 (Reuters) - Northwest European gasoline profit margins rose on Thursday by over a dollar to $13.79 a barrel on lower stocks.
A total of 26,000 metric tons of Eurobob E5 barges traded, as BP and Trafigura sold to MB Energy, Gunvor, Aramco and TotalEnergies.
An additional 13,400 tons on Eurobob E10 barges also traded, with Shell, Unipec, Sahara and Gunvor selling to MB Energy, Varo, Trafigura, TotalEnergies and Litasco.
Oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining hub fell by 3% on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday.
The provincial government of Shandong, China's refining hub, has increased fuel oil import tax rebates for six independent refineries, raising it to between 75% and 95%, three sources with direct knowledge of the matter told Reuters this week.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $698 | $693 | Trafigura | Varo | ||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $692-$693 (26 KT) | $686.75-$694.00 (23KT) | BP, Trafigura | MB Energy, Gunvor, Aramco, TotalEnergies | ||
Ebob Barges E10 Argus (fob AR) | $689.50-$694.50 (13.4 KT) | $685.50-$688.50 (7.8KT) | Shell, Unipec, Sahara, Gunvor | MB Energy, Varo, Trafigura, TotalEnergies, Litasco | ||
August swap (fob ARA) | $681.50 | $676.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $13.79 | Prev. $12.68 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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