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Europe Gasoline/Naphtha-Gasoline cracks hold steady

ReutersNov 3, 2025 5:53 PM

- Northwest European gasoline profit margins were down just 2 cents a barrel at $16.49 on Monday.

  • A total of 8,000 metric tons of Eurobob E5 gasoline barges were traded as Varo and Equinor sold to TotalEnergies, Exxon and MB Energy.

  • Another 3,000 tons of Eurobob E10 gasoline barges changed hands with Trafigura selling to Varo.

  • Ukraine's military said on Monday it hit an oil refinery in Russia's Saratov region overnight, adding that a successful strike and resulting fire had been recorded on one of the refining facilities.

  • Turkey's largest oil refineries are buying more non-Russian oil in response to the latest Western sanctions on Russia, two people with direct knowledge of the matter and several industry sources told Reuters.

  • Nigeria's Dangote Petroleum Refinery, Africa's largest oil refinery, is ramping up output to meet national petrol and diesel demand, after the government approved a new import tariff on fuel aimed at protecting domestic production.​

  • EU and UK gasoline and blending component exports to other regions averaged 923,000 bpd in October, according to Kpler data, compared with 948,000 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)

$680-$686.25 (8KT)

$685.25 (6KT)

Varo, Equinor

TotalEnergies, Exxon, MB Energy

Ebob Barges E10 Argus (fob ARA)

$675.25 (3KT)

$672 (6KT)

Trafigura

Varo

Dec. swap (fob ARA)

$646

$660 (Nov)

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

flat

Balmo + $16

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$16.49

Prev. $16.51

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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