Europe Gasoline/Naphtha-Gasoline cracks edge up
LONDON, Oct 31 (Reuters) - Northwest European gasoline profit margins rose by about 11 cents a barrel to $16.54 on Friday.
A total of 6,000 metric tons of Eurobob E5 gasoline barges were traded as Varo and ExxonMobil sold to Trafigura and TotalEnergies.
Another 6,000 tons of Eurobob E10 gasoline barges changed hands with Gunvor selling to BP and Varo.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by around 8% on the week, data from Dutch consultancy Insights Global showed on Thursday.
State-owned Kuwait Integrated Petroleum Industries Company has delayed the restart of a crude unit at its 615,000 barrel per day Al Zour oil refinery that was shut down on October 21 due to a fire, industry monitor IIR said, adding that the unit was expected to restart by November 11.
EU and UK gasoline and blending component exports to other regions have averaged 1.01 million bpd in October, according to preliminary Kpler data, compared with 928,000 bpd in September, making this month's exports potentially the highest since May this year.
| 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) | $685.25 (6KT) |
|
| $679-$690.5 (19KT) | Varo, ExxonMobil | Trafigura, TotalEnergies |
Ebob Barges E10 Argus (fob ARA) | $672 (6KT) |
|
| $676-$677.50(6KT) | Gunvor | Varo, BP |
Nov. swap (fob ARA) | $660 |
|
| $659.50 |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
|
|
Cargoes (fob MED) | Nov full month +$15 | Nov +$29 (Vasiliko) | ||||
Cargoes (cif NWE) |
|
|
|
|
|
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Naphtha (cif NWE) NAF-C-NWE |
| +$3 full Nov pricing |
|
|
Ebob crack (per barrel) | $16.54 | Prev. $16.43 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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