Europe Gasoline/Naphtha-Gasoline crack spreads edge higher
LONDON, Dec 1 (Reuters) - Northwest European gasoline refinery profit margins edged slightly higher on Monday to $16.88 a barrel.
A total of 6,000 metric tons of Eurobob E5 gasoline barges traded, which Equinor and Varo sold to Aramco Trading and MB Energy.
An additional 2,000 tons of Eurobob E10 gasoline barges traded in the session, with ExxonMobil selling TotalEnergies.
Global commodity trading house Gunvor's GGL.UL CEO Torbjorn Tornqvist will step down and sell his shareholding in a management buyout, weeks after the U.S. dubbed the firm the "Kremlin's puppet" over its past Russian links.
EU and UK gasoline exports hit 913,000 barrels per day (bpd) last month, slightly below October's 945,000 bpd, Kpler data shows.
| 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) | $676.25 (6KT) |
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| $672.25 (6KT) | Equinor, Varo | Aramco Trading, MB Energy |
Ebob Barges E10 Argus (fob ARA) | $675 on 3KT (1KT assessed) |
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| $675.25 (4KT) | ExxonMobil | TotalEnergies |
Jan. swap (fob ARA) | $640.25 |
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| $659.50 (Dec.) | ||
Premium Unleaded (fob ARA) PU-10PP-ARA |
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Cargoes (fob MED) |
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Cargoes (cif NWE) |
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Naphtha (cif NWE) NAF-C-NWE | -$1.25 with 16-31 December pricing |
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Ebob crack (per barrel) | $16.88 | Prev. $16.67 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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