Europe Gasoline/Naphtha-Gasoline profit margins ease
LONDON, Aug 7 (Reuters) - Northwest European gasoline profit margins fell by 24 cents to $16.32 a barrel on Thursday, despite a fall in stocks in Amsterdam-Rotterdam-Antwerp.
A total of 7,000 metric tons of Eurobob E10 gasoline traded, with BP and Shell selling to ExxonMobil, BP and Varo.
An additional 7,500 tons of Eurobob E5 barges traded with Glencore and Gunvor selling to Varo and Vitol.
Independently-held gasoline stocks in ARA fell around 4% on the week, as cargoes exited ARA storage for transatlantic voyages and shorter-haul trips to buyers in North West Europe, data from Dutch consultancy Insights Global showed.
U.S. gasoline stocks fell by 1.3 million barrels last week to 227.1 million barrels, the Energy Information Administration said on Wednesday, compared with expectations in a Reuters poll for a 400,000-barrel draw.
EU and UK gasoline and blending component exports to other regions averaged 762,000 bpd in August so far, compared to 1 million bpd in July, 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) | $696-698 (7.5KT) | $701 (7.2KT) | Glencore, Gunvor | Vitol, Varo | ||
Ebob Barges E10 Argus (fob AR) | $689 (7KT) | $696.25 (4KT) | BP, Shell | Varo, BP, ExxonMobil | ||
Sept. swap (fob ARA) | $676.25 | $687.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | August 8-12 -$2 |
Ebob crack (per barrel) | $16.32 | Prev. $16.56 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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