Europe Gasoline/Naphtha-Gasoline profit margins drop
LONDON, Sept 12 (Reuters) - Northwest European gasoline profit margins fell by about 50 cents on Friday to $19.44 but the market remained supported by refinery outages.
A total of 8,000 metric tons of Eurobob E5 barges were traded as Gunvor sold to ExxonMobil, Shell and Trafigura.
An additional 3,000 tons in total of E10 barges were traded, with ExxonMobil selling to Varo.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose sharply by 16%, data from Dutch consultancy Insights Global showed on Thursday.
Gasoline stocks stood at 1.15 million metric tons, the highest since late July, as export activity slowed down, Insights Global's Rick Veringmeier said.
EU and UK gasoline exports reached 662,000 barrels per day (bpd) in September so far, according to Kpler data, compared to 871,000 bpd in August.
| 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) | $730 (8KT) | $725.25 (10KT) | Gunvor | ExxonMobil, Shell, Trafigura | ||
Ebob Barges E10 Argus (fob ARA) | $733 (3KT) | $722.25 (21KT) | ExxonMobil | Varo | ||
Oct. swap (fob ARA) | $688 | $674.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Sept +$20 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $19.44 | Prev. $19.95 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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