Europe Gasoline/Naphtha-Gasoline profit margins gain
LONDON, July 24 (Reuters) - Northwest European gasoline profit margins widened by about 67 cents on the day to $13.51 a barrel on Thursday while inventories in northwest Europe rose.
A total of 6,000 metric tons of Eurobob E5 gasoline barges traded, below the previous session's liquidity. Trafigura, ExxonMobil and BP sold barges to TotalEnergies and Aramco.
An additional 12,000 tons of Eurobob E10 barges traded, compared with 4,000 tons on Wednesday, as Gunvor and Trafigura sold to Varo and MB Energy.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub were 1% higher at 1.22 million tons, Insights Global data showed.
Shell has restarted a hydrodesulphurisation unit at its 400,000 barrel per day Pernis oil refinery in Rotterdam after an unplanned outage on July 19, industry monitor IIR said.
EU and UK gasoline and blending component exports to other regions averaged 967,000 bpd in July so far, higher than the 903,000 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) | $694.25 (6KT) | $683.25 (9.2KT) | Trafigura, ExxonMobil, BP | TotalEnergies, Aramco | ||
Ebob Barges E10 Argus (fob AR) | $691 (12KT) | $681.50 (4KT) | Gunvor, Trafigura | Varo, MB Energy | ||
August swap (fob ARA) | $686.25 | $681.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Aug + $1.50 |
Ebob crack (per barrel) | $13.51 | Prev. $12.84 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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