Europe Gasoline/Naphtha-Gasoline cracks hold steady
LONDON, Oct 14 (Reuters) - Northwest European gasoline profit margins gained around 5 cents to $16.77 a barrel on Tuesday.
A total of 5,000 metric tons of Eurobob E5 barges traded, with BP selling to TotalEnergies, Gunvor and Trafigura.
No Eurobob E10 barges traded on Tuesday.
Strong gasoline and diesel markets this year have supported the wider oil market, Vitol CEO Russell Hardy said at a conference in London, as refineries have struggled to keep up with healthy demand.
But gasoline and diesel demand in China has more or less plateaud, Gunvor CEO Torbjorn Tornqvist said at the event, with growth in that country coming from the chemical sector.
EU and UK gasoline exports to other regions averaged 757,000 bpd in October so far, according to Kpler data, compared with 905,000 bpd in September.
| 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) | $663.5-673 (6.2KT traded) | $670.25-$672.00 (5KT) | BP | TotalEnegries, Trafigura, Gunvor | ||
Ebob Barges E10 Argus (fob ARA) | $661.75 (3KT assessed) | $667.00 (3kKT assessed) | ||||
Nov. swap (fob ARA) | $617.25 | $624.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Nov + $31 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $16.77 | Prev. $16.72 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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