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Europe Gasoline/Naphtha-Gasoline profit margins hold steady

ReutersJul 23, 2025 4:38 PM

- Northwest European gasoline profit margins were broadly steady at about $13.17 a barrel on Wednesday as US inventories fell more than expected.

  • A total of 9,200 metric tons of Eurobob E5 gasoline barges traded, slightly below the previous session's liquidity. Shell and BP sold barges to TotalEnergies and Aramco.

  • An additional 4,000 tons of Eurobob E10 barges traded, compared with 14,000 tons on Tuesday, as TotalEnergies sold to Varo and Trafigura.

  • US gasoline stocks USOILG=ECI fell by 1.7 million barrels last week to 231.1 million barrels, the Energy Information Administration said, nearly double expectations in a Reuters poll for a 908,000-barrel draw.

  • Product supplied of gasoline, a proxy for demand, rose by 478,000 barrels per day (bpd) to 8.97 million bpd. The four-week average for product supplied was at 8.81 million bpd, versus 9.27 million bpd last year.

  • Nigeria's Dangote oil refinery is expected to carry out a 40-day planned maintenance at its gasoline-making unit in December, instead of in October as previously planned, industry monitor IIR said.

  • EU and UK gasoline and blending component exports to other regions averaged 883,000 bpd in July so far, lower than the 904,000 bpd in June, 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)

$683.25 (9.2KT)

$683.50-$689.75 (10KT)

Shell, BP

TotalEnergies, Aramco

Ebob Barges E10 Argus (fob AR)

$681.50 (4KT)

$683.75-$685.25 (14KT)

TotalEnergies

Varo, Trafigura

August swap (fob ARA)

$681.50

$678.00

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

+$9 with full August pricing

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$13.17

Prev. $13.31

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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