Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, Aug 20 (Reuters) - Northwest European gasoline profit margins fell 49 cents to $16.06 a barrel on Wednesday despite a drop in U.S. fuel inventories.
A total of 15,300 metric tons of Eurobob E5 barges traded in the session, with Gunvor and Glencore selling to Aramco and TotalEnergies.
An additional 3,000 tons total of Eurobob E10 barges traded with Gunvor selling to Varo.
U.S. gasoline inventories fell last week, market sources said citing American Petroleum Institute figures on Tuesday.
Weekly EIA data also showed a drop in U.S. gasoline stocks of 2.7 million barrels in the week to August 15, compared with analysts' expectations for a 915,000 barrel draw in a Reuters poll.
Meanwhile, Russia's gasoline shipments to Afghanistan and Turkmenistan plunged in July even before Moscow restricted exports of the fuel to guarantee affordable supplies in the domestic market, traders told Reuters.
EU and UK gasoline and blending component exports to other regions averaged 736,000 bpd in August so far, compared to 998,000 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) | $696.50-$702.00 (15.3KT) | $689.00-$695.75 (16KT) | Gunvor, Glencore | TotalEnergies, Aramco | ||
Ebob Barges E10 Argus (fob AR) | $692.50 (3KT) | $686.00 (3KT) | Gunvor | Varo | ||
Sept. swap (fob ARA) | $688.00 | $679.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | +$1 with 1-15 Sept pricing | +$4.5 21-31 Aug pricing | +$2 with 20-31 Aug pricing |
Ebob crack (per barrel) | $16.05 | Prev. $16.54 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Related Articles
How Is the U.S. Accumulating Bitcoin — and Why Is the Market Watching So Closely?
In short, the form of U.S. Bitcoin accumulation is a powerful policy language. A direct purchase strategy could trigger a seismic shift in global finance, while a passive approach would reinforce the status quo. For investors, understanding how the U.S. acts is more important than whether it acts at
[Reuters Analysis] Powell's last Jackson Hole speech could pack a punch: McGeever
By Jamie McGeever ORLANDO, Florida, Aug 20 (Reuters) - Financial markets are taking in a collective breath ahead of Jerome Powell's eighth and final keynote Jackson Hole speech as Federal Reserve Chair. If the moves following his last seven are any guide, investors buckle up for a bumpy ride....
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
