LONDON, Oct 8 (Reuters) - Northwest European gasoline profit margins fell by about $1 to $15.81 a barrel on Wednesday despite a larger-than-expected draw on inventories in the United States.
A total of 3,200 metric tons of Eurobob E5 barges traded as Exxon and Glencore sold to each other.
Another 4,200 tons of E10 barges traded with Phillips 66 selling to Gunvor, BMV and MB Energy.
U.S. crude oil stockpiles rose while gasoline inventories fell in the week ended October 3, the Energy Information Administration said.
Gasoline stocks USOILG=ECI fell by 1.6 million barrels in the week, compared with expectations for a 911,000-barrel draw. EIA/S
Taiwan's state-owned oil and gas major CPC Corp has shut one of the crude units and some gasoline-producing units at its Talin refinery for a planned overhaul until the second half of November, three people familiar with the matter said.
Indonesia is considering setting a mandatory bioethanol content level of 10% for gasoline sold in the country to lower carbon dioxide emissions and reduce its dependence on fuel imports, state news agency Antara, citing its energy minister.
| 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) | $686.25-$690.25 (3.2KT) | $690.75 (1.3KT) | Exxon, Glencore | Glencore, Exxon | ||
Ebob Barges E10 Argus (fob ARA) | $680.50-$681.50 (4.2KT) | $675.75 (4KT) | Phillips 66 | Gunvor, BMV, MB Energy | ||
Nov. swap (fob ARA) | $640.25 | $632.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Oct +$5 | Trafigura | BGN | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Flat with Oct pricing |
Ebob crack (per barrel) | $15.81 | Prev. $16.79 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 |