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Europe Gasoline/Naphtha-Gasoline cracks fall further

ReutersNov 25, 2025 5:48 PM

- Northwest European gasoline profit margins fell by $1.62 on Tuesday to about $14.63 a barrel.

  • A total of 2,000 metric tons of Eurobob E5 gasoline barges traded, with Gunvor selling to Trafigura.

  • An additional 8,000 tons of Eurobob E10 gasoline barges traded in the session, with Gunvor selling to Trafigura, TotalEnergies and Varo.

  • Serbia's Russia-owned NIS NIIS.BEL oil refinery will shut down in four days if the United States does not lift sanctions on the project, endangering fuel supplies ahead of winter, President Aleksandar Vucic said in a televised address on Tuesday.

  • Fuel retailer Shell has agreed to buy 100,000 barrels of gasoline from Indonesian state energy company Pertamina, the country's deputy energy minister, Yuliot Tanjung, said.

  • Meanwhile, BP BP.L Olympic Pipeline said its crews identified the source of a fuel leak and plans for a partial restart were being developed. The 400-mile system moves refined petroleum products including gasoline, diesel and jet fuel from northern Washington to Oregon.

  • EU and UK gasoline exports are on track to reach 872,000 barrels per day in November, Kpler data showed, compared with 934,000 bpd last month.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

EUROBOB-ARA

$670

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$650.75 (2KT)

$668.75 (10KT)

Gunvor

Trafigura

Ebob Barges E10 Argus (fob ARA)

$644.25-$666.00 (8KT)

$674 (3KT assessed)

Gunvor

Trafigura, TotalEnergies, Varo

Dec. swap (fob ARA)

$628.00

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NEW)

Naphtha

(cif NEW)

NAF-C-NWE

Ebob crack (per barrel)

$14.63

Prev. $16.25

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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