Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, Aug 29 (Reuters) - Northwest European gasoline profit margins slipped by 61 cents to $15.15 a barrel on Friday as demand waned.
A total of 4,000 metric tons of Eurobob E5 barges traded in the session, as Gunvor sold two barges to Trafigura.
Another 14,000 tons of Eurobob E10 barges traded in the session, with Shell, Gunvor, Sahara and ExxonMobil all selling to Varo and Glencore.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell 5.2% in the week to Thursday, data from Dutch consultancy Insights Global showed. ARA/
Oil processing at Russia's Kuibyshevsk refinery, which is operated by the Rosneft oil company, has been halted since August 28 following Ukrainian drone attacks, two industry sources said.
EU and UK gasoline exports have reached 889,000 barrels per day so far in August, according to Kpler data, down from 999,000 bpd in July.
| 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 ARA) | $700.75 (4KT) | $698.00-$705.00 (10KT) | Gunvor | Trafigura | ||
Ebob Barges E10 Argus (fob ARA) | $699.50 (14KT) | $695.00-$696.00 (10KT) | Shell, Gunvor, ExxonMobil, Sahara | Varo, Glencore | ||
Sept. swap (fob ARA) | $694.50 | $690.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $15.15 | Prev. $15.76 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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