Europe Gasoline/Naphtha-Gasoline cracks firm on lower inventories
LONDON, Oct 23 (Reuters) - Northwest European gasoline profit margins rose by about 34 cents a barrel on Thursday to $16.45 as inventories of the motor fuel dropped on both sides of the Atlantic.
A total of 8,000 metric tons of Eurobob E5 gasoline barges traded as Varo and Exxon Mobil sold to Trafigura.
Another 6,000 tons of Eurobob E10 gasoline barges traded as Trafigura sold to TotalEnergies.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by over 8% in the week to Thursday to 1.04 million tons, data from Dutch consultancy Insights Global showed on Thursday.
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 937,000 bpd in October so far, according to Kpler data, compared with 929,000 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) | $693.50 (8KT) | $659.25-659.75 (16 KT traded) | Exxon Mobil, Varo | Trafigura | ||
Ebob Barges E10 Argus (fob ARA) | $691.50 (6KT) | $665 (6KT traded) | Trafigura | TotalEnergies | ||
Nov. swap (fob ARA) | $663.50 | $635.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Nov +$25 | Nov +$24 | November +$17 | |||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $16.45 | Prev. $16.11 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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