Europe Gasoline/Naphtha-Gasoline cracks rise
LONDON, Nov 12 (Reuters) - Northwest European gasoline profit margins rose by $2.32 to $23.47 a barrel on Wednesday.
A total of 8,000 metric tons of Eurobob E5 gasoline barges traded as Sahara and Trafigura sold to Varo and BP.
Another 10,000 tons of Eurobob E10 gasoline barges changed hands with Gunvor selling to Varo and TotalEnergies.
Russia's seaborne oil product exports were broadly unchanged in October from September at 7.804 million metric tons as several refineries completed seasonal and unplanned maintenance, data from industry sources and Reuters calculations showed.
U.S. gasoline prices are expected to fall to an average of $3 per gallon in next year, down 10% from 2024, and diesel prices will drop to $3.5 per gallon in 2026, down 7% from 2024, the Energy Information Administration said.
EU and UK gasoline and blending component exports to other regions averaged 907,000 barrels per day in October, Kpler data shows, compared with 947,000 bpd in September.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
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Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $751 (8KT) |
|
| $724.50 (6KT) | Sahara, Trafigura | Varo, BP |
Ebob Barges E10 Argus (fob ARA) | $761(10KT) |
|
| $724.50 (10.2KT) | Gunvor | Varo, TotalEnergies |
Dec. swap (fob ARA) | $660.25 |
|
| $675.75 |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
| |
Cargoes (fob MED) | $726.25 |
|
|
| ||
Cargoes (cif NWE) |
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| ||
Naphtha (cif NWE) NAF-C-NWE |
|
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Ebob crack (per barrel) | $23.47 | Prev. $21.15 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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