LONDON, July 23 (Reuters) - 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 |