Europe Gasoline/Naphtha-Gasoline profit margins edge lower
LONDON, Aug 8 (Reuters) - Northwest European gasoline profit margins fell by 62 cents to $15.86 a barrel on Friday.
A total of 4,000 metric tons of Eurobob E5 barges traded with Glencore and BP selling to Varo and Aramco.
An additional 2,000 tons of Eurobob E10 gasoline traded, with Sahara Energy selling to ExxonMobil.
In China, sales growth of new energy vehicles, including pure electrics and plug-in hybrids, slowed to 12% from 29.7% in June, but still outsold gasoline cars for the fifth straight month.
EU and UK gasoline and blending component exports to other regions averaged 484,000 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) | $694.50-$698.25 (4KT) | $696-698 (7.5KT) | Glencore, BP | Vitol, Aramco | ||
Ebob Barges E10 Argus (fob AR) | $688.17 (2KT+1KT assessed) | $689 (7KT) | Sahara | ExxonMobil | ||
Sept. swap (fob ARA) | $678.75 | $676.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | +$4 with 11-25 August pricing | August 8-12 -$2 |
Ebob crack (per barrel) | $15.86 | Prev. $16.48 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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