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Europe Gasoline/Naphtha-Gasoline cracks firm on lower inventories

ReutersNov 13, 2025 5:59 PM

- Northwest European gasoline profit margins rose by $2.34 to $25.81 a barrel on Thursday as inventories of the motor fuel fell on both sides of the Atlantic.

  • A total of 6,000 metric tons of Eurobob E5 gasoline barges traded as Equinor and Trafigura sold to Varo and Shell.

  • No barges of Eurobob E10 gasoline traded.

  • Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 7.4% on the week, data from Dutch consultancy Insights Global showed on Thursday.

  • Gasoline stocks fell to 980,000 tons on higher exports, particularly to the United States, Insights Global's Lars van Wageningen said.

  • U.S. gasoline stocks USOILG=ECI fell by 945,000 barrels last week to 205.1 million barrels, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 1.89-million-barrel draw.

  • Russia's oil processing has fallen just 3% this year despite Ukraine's biggest drone attacks to date as refineries averted a steep decline in fuel production by leveraging spare capacity to offset damage from the strikes, sources said and data showed.

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)

$748.25 (6KT)

$751 (8KT)

Equinor, Trafigura

Varo, Shell

Ebob Barges E10 Argus (fob ARA)

$748 (assessed)

$761(10KT)

Dec. swap (fob ARA)

$667.25

$660.25

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

$726.25

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Nov -$1

Ebob crack (per barrel)

$25.81

Prev. $23.47

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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