Europe Gasoline/Naphtha-Gasoline cracks slip on rising US stocks
LONDON, Nov 20 (Reuters) - Northwest European gasoline profit margins fell sharply on Thursday, dropping by more than $3 to $19.55 a barrel on higher U.S. inventories.
A total of 7,000 metric tons of Eurobob E5 gasoline barges traded as Gunvor sold to TotalEnergies and MB Energy.
Another 4,000 tons of Eurobob E10 gasoline barges traded, with Gunvor selling to Equinor.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell slightly to 975,000 metric tons on the week, data from Dutch consultancy Insights Global showed.
U.S. gasoline stocks USOILG=ECI rose by 2.3 million barrels last week to 207.4 million barrels, the Energy Information Administration said, against the draw of 200,000 barrels expected by analysts in a Reuters poll.
Meanwhile, EU and UK gasoline exports are on track to reach 790,000 barrels per day in November, Kpler data shows, compared with 916,000 bpd last month.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $698 |
|
|
| Gunvor | Varo |
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
| |
Ebob Barges Argus E5 (fob ARA) | $697 (7KT) |
|
| $724 (11KT) | Gunvor | MB Energy, TotalEnergies |
Ebob Barges E10 Argus (fob ARA) | $702 (4KT) |
|
| $719 (3KT) | Equinor | Varo |
Dec. swap (fob ARA) | $640.50 |
|
| $651.75 | ||
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
| |
Cargoes (fob MED) |
|
| ||||
Cargoes (cif NWE) |
|
|
| |||
Naphtha (cif NWE) NAF-C-NWE | Dec +$3 | Dec +$3, Dec +$4 |
|
|
Ebob crack (per barrel) | $19.55 | Prev. $22.75 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Related Articles
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
USD Dollar Trend Forecast: Dollar Index Falls Below 97.0 to 4-Year Low, Will the Dollar Continue To Fall or Bottom Out in 2026?
TradingKey - In January 2026, the US Dollar Index continued its downward trend from 2025, officially breaking below the key 97.0 level and reaching a low of 95.5, marking a nearly four-year low since February 2022.
