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Europe Gasoline/Naphtha-Gasoline crack spreads ease

ReutersDec 5, 2025 5:56 PM

- Northwest European gasoline refinery profit margins fell by about 72 cents to $15.01 a barrel on Friday.

  • A total of 18,000 metric tons of Eurobob E5 gasoline traded on barges on Friday, as Glencore, Equinor, and Trafigura sold to Gunvor, ExxonMobil, BMV Mineraloel, Aramco, Varo, and BP.

  • No Eurobob E10 gasoline barges traded in the session.

  • The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia's war in Ukraine, six sources familiar with the matter said.

  • Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub climbed by 5% on the week to 1.13 million tons, data from Dutch consultancy Insights Global showed on Thursday.​

  • EU and UK gasoline exports to other regions hit 948,000 barrels per day last month, above October's 942,000 bpd, Kpler data shows.

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)

$654.25-662.25 (18 KT traded)

$663.50 (10KT)

Equinor, Glencore, Trafigura

Aramco, Exxon, Varo, BMV, BP

Ebob Barges E10 Argus (fob ARA)

$665.50 (3KT assessed)

$663.75 (assessed)

Jan. swap (fob ARA)

$635.75

$633.75

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$15.01

Prev. $15.73

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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