Europe Gasoline/Naphtha-Gasoline profit margins edge lower
LONDON, July 16 (Reuters) - Northwest European gasoline profit margins were down 41 cents on Wednesday to $14.31 a barrel on data showing weaker demand for the fuel.
A total of 8,000 metric tons of Eurobob E5 gasoline barges traded, as BP sold to TotalEnergies and Gunvor.
An additional 8,000 tons of Eurobob E10 barges traded with TotalEnergies and BP selling to Varo and Trafigura.
EU and UK gasoline and blending component exports to other regions averaged 774,000 barrels per day (bpd) in July so far, lower than the 916,000 bpd in June, Kpler data showed.
U.S. gasoline inventories rose in the week ended July 11, the Energy Information Administration said in its weekly report, prompting some concerns about fuel demand.
Gasoline stocks rose by 3.4 million barrels compared to expectations for a 1 million barrel draw.
| 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) | $696.75-$698.75 (8KT) | $700.75 (9KT) | BP | Gunvor, TotalEnergies | ||
Ebob Barges E10 Argus (fob AR) | $689.00-$698.25 (8KT) | $701.25-$705.75 (6KT) | TotalEnergies, BP | Varo, Trafigura | ||
August swap (fob ARA) | $686.50 | $699 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Balmo+$7 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | +$2 with COD+$5 | August+$4 |
Ebob crack (per barrel) | $14.31 | Prev. $14.72 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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