Europe Gasoline/Naphtha-Gasoline cracks inch lower despite US stocks decline
LONDON, Oct 22 (Reuters) - Northwest European gasoline profit margins fell by about 67 cents a barrel on Wednesday to $16.11, even as U.S. gasoline stocks fell last week according to data from the Energy Information Administration (EIA).
A total of 16,000 metric tons of Eurobob E5 gasoline barges traded as Varo, ExxonMobil and BP sold to Trafigura, Gunvor and TotalEnergies.
A total of 6,000 tons of Eurobob E10 gasoline barges traded as Trafigura sold to TotalEnergies.
U.S. gasoline stocks fell by 2.1 million barrels in the week to 216.7 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.8 million-barrel draw.
EU and UK gasoline exports to other regions have averaged 940,000 bpd in October so far, according to Kpler data, compared with 930,000 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) | $659.25-659.75 (16 KT traded) | $654-656 (10KT traded) | BP, ExxonMobil, Varo | TotalEnergies, Trafigura, Gunvor | ||
Ebob Barges E10 Argus (fob ARA) | $665 (6KT traded) | $650.75 (4KT) | Trafigura | TotalEnergies | ||
Nov. swap (fob ARA) | $635.50 | $622.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | $689 | |||||
Cargoes (fob MED) | November +$17 | November +$25 | BP | BGN | ||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | November +$2.5 | November +$2 |
Ebob crack (per barrel) | $16.11 | Prev. $16.78 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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