Europe Gasoline/Naphtha-Gasoline profit margins edge lower
LONDON, Sept 15 (Reuters) - Northwest European gasoline profit margins fell by about 35 cents on Monday to $19.57, but the market remained supported by refinery outages.
A total of 8,000 metric tons of Eurobob E5 barges were traded, with Gunvor and Sahara selling to ExxonMobil, BP and Trafigura.
An additional 4,000 tons in total of E10 barges were traded, with Shell selling to BP.
One of Russia's largest oil refineries, in the northwestern town of Kirishi, has halted a key processing unit following a Ukrainian drone attack over the weekend, two industry sources said on Monday. The unit produced 2 million tons of gasoline in 2024.
Sources also said that the plant would boost operations at its still functioning sections by up to 20% to compensate for the damage, which will allow it to maintain processing volumes at around 75% of nominal capacity.
EU and UK gasoline exports reached 761,000 barrels per day (bpd) in September so far, according to Kpler data, compared to 872,000 bpd in August.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $742.00 | Gunvor | Varo | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $731.50 (8KT) | $730 (8KT) | Gunvor, Sahara | ExxonMobil, BP, Trafigura | ||
Ebob Barges E10 Argus (fob ARA) | $730.00 (4KT) | $733 (3KT) | Shell | BP | ||
Oct. swap (fob ARA) | $689.25 | $688 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | +$2 full October pricing |
Ebob crack (per barrel) | $19.57 | Prev. $19.92 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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