Europe Gasoline/Naphtha-Gasoline cracks edge higher on lower US stocks
LONDON, Sept 17 (Reuters) - Northwest European gasoline profit margins rose slightly by 17 cents on Wednesday to $19.91 a barrel as US inventories fell unexpectedly.
A total of 6,000 metric tons of Eurobob E5 barges were traded, with Gunvor and Sahara selling to Aramco.
Shell sold an E10 barge to ExxonMobil, the only trade in the session.
US gasoline stocks USOILG=ECI fell by 2.3 million barrels last week to 217.6 million barrels, the Energy Information Administration said, compared with forecasts in a Reuters poll of analysts for a 100,000-barrel build.
China has issued 8.395 million metric tons of export quotas for gasoline, jet fuel and diesel in its third batch of allowances this year, trade sources said.
That was slightly higher than the 8 million tons issued for last year's third batch of export quotas.
EU and UK gasoline exports reached 762,000 barrels per day (bpd) in September so far, according to Kpler data, compared to 867,000 bpd in August.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $742.00 | |||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $743 (6KT) | $731.50-$739.75 (16KT) | Gunvor, Sahara | Aramco | ||
Ebob Barges E10 Argus (fob ARA) | $743 (3KT; 1KT assessed) | $738.00-$746.00(16KT) | Shell | ExxonMobil | ||
Oct. swap (fob ARA) | $696.25 | $699.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | October flat |
Ebob crack (per barrel) | $19.91 | Prev. $19.74 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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