Europe Gasoline/Naphtha-Gasoline crack spreads narrow
LONDON, Nov 28 (Reuters) - Northwest European gasoline refinery profit margins fell slightly to close the week.
A total of 6,000 metric tons of Eurobob E5 gasoline barges traded, which TotalEnergies and ExxonMobil sold to Varo and Sahara.
An additional 4,000 tons of Eurobob E10 gasoline barges traded in the session, with ExxonMobil selling to Varo and TotalEnergies.
Russian President Vladimir Putin has signed a law aimed at boosting domestic gasoline supplies, including with fuel produced by Russian companies at Belarusian refineries, state-run RIA news agency reported on Friday.
Russia is facing fuel shortages after a spate of Ukrainian attacks on its refineries. In late September, it imposed a partial ban on diesel exports and extended an existing gasoline export ban until the end of the year.
ARA gasoline stocks rose 10% to 1.08 million tons, according to Insights Global. The rise was because of slower exports to other regions, Insights Global's Lars van Wageningen said, adding that exports to West Africa could pick up in the coming days. ARA/
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) | $672.25 (6KT) |
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| $673.50-679 (4KT traded) | TotalEnergies, ExxonMobil | Varo, Sahara |
Ebob Barges E10 Argus (fob ARA) | $675.25 (4KT) |
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| $670.50 (14.1KT) | ExxonMobil | TotalEnergies, Varo, |
Dec. swap (fob ARA) | $659.50 |
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| $654.75 | ||
Premium Unleaded (fob ARA) PU-10PP-ARA |
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Cargoes (fob MED) |
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Cargoes (cif NEW) |
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Naphtha (cif NEW) NAF-C-NWE |
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Ebob crack (per barrel) | $16.67 | Prev. $16.85 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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