Europe Gasoline/Naphtha-Gasoline cracks steady
LONDON, Nov 17 (Reuters) - Northwest European gasoline profit margins fell by 18 cents to $23.16 a barrel on Monday after rising in the previous session, despite concerns around supply shortages.
A total of 10,200 metric tons of Eurobob E5 gasoline barges traded as Equinor and Gunvor sold to TotalEnergies, Varo, MB Energy and Shell.
Another 6,000 tons of Eurobob E10 gasoline barges traded with Gunvor and Sahara selling to MB Energy, Varo and Exxon.
Trafigura sold a cargo to Vitol for loading in Italy in the afternoon trading window.
Consultancy Energy Aspects expects a prompt backwardation in gasoline markets to persist globally supported by refining outages and low inventories. This in turn will limit stockbuilding ahead of next year's summer season, they added.
Meanwhile, EU and UK gasoline exports are on track to reach 706,000 barrels per day in November, according to Kpler data, compared with 907,000 bpd last month.
| 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) | $735.50 (10.2KT) |
|
| $735.50-$744.25 (10KT) | Equinor, Gunvor | Shell, TotalEnergies, MB Energy, Varo |
Ebob Barges E10 Argus (fob ARA) | $734.25 (6KT) |
|
| $747.75 (3KT Assessed) | Gunvor, Sahara | MB Energy, Varo, Exxon Mobil |
Dec. swap (fob ARA) | $668 |
|
| $673.00 | ||
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
| |
Cargoes (fob MED) | $732 ( fob Santa Panagia Bay) | Trafigura | Vitol | |||
Cargoes (cif NWE) |
|
|
| |||
Naphtha (cif NWE) NAF-C-NWE |
|
|
|
Ebob crack (per barrel) | $23.16 | Prev. $24.34 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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