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Europe Gasoline/Naphtha-Gasoline cracks gain

ReutersNov 26, 2025 5:43 PM

- Northwest European gasoline profit margins rose by $2.02 on Wednesday to about $16.36 a barrel despite a rise in stockpiles.

  • A total of 4,000 metric tons of Eurobob E5 gasoline barges traded as Exxon sold to Vitol.

  • An additional 6,000 tons of Eurobob E10 gasoline barges traded in the session, with Shell selling to Trafigura and Varo.

  • U.S. gasoline stocks rose 2.5 million barrels in the week, the EIA said on Wednesday, compared with analysts' expectations in a Reuters poll for a 745,000-barrel build.​ EIA/S

  • Gasoline inventories rose by 539,000 barrels, market sources said, citing American Petroleum Institute figures on Tuesday.

  • Nigeria's Dangote has signed a contract with Engineers India Ltd to help double its refining capacity to 1.4 million barrels per day (bpd) in three years, its head Aliko Dangote told a press conference in Mumbai.

  • BP's 440,000-barrel-per-day oil refinery in Whiting, Indiana, has returned to normal operations following a planned maintenance turnaround in September and a fire in October, two sources said.

  • Meanwhile, EU and UK gasoline exports are on track to reach 913,000 barrels per day in November, Kpler data showed, compared with 942,000 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)

$665.00 (4KT)

$650.75 (2KT)

Exxon

Vitol

Ebob Barges E10 Argus (fob ARA)

$660.00 (6KT)

$644.25-$666.00 (8KT)

Shell

Trafigura, Varo

Dec. swap (fob ARA)

$637.75

$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)

$16.36

Prev. $14.34

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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