Europe Gasoline/Naphtha-Gasoline crack spreads edge higher
LONDON, Dec 9 (Reuters) - Northwest European gasoline refinery profit margins edged 26 cents higher to $15.01 a barrel on Tuesday.
About 18,000 metric tons of Eurobob E5 gasoline traded on barges on Tuesday as Trafigura, Glencore and Equinor sold to Gunvor, Aramco Trading and BP.
A further 10,000 tons of Eurobob E10 gasoline barges traded on Tuesday, with Trafigura, ExxonMobil and Gunvor selling to BP and Varo.
Nigeria's 650,000 barrel per day Dangote refinery began planned maintenance at its gasoline unit on December 8, industry monitor IIR said on Tuesday. The 204,000 bpd unit is expected to restart by January 26, IIR added.
Russia's Syzran oil refinery on the Volga River halted oil processing on December 5 after being damaged by a Ukrainian drone attack, two industry sources said on Tuesday.
EU and UK gasoline exports to other regions hit 951,000 barrels per day last month, up slightly from 943,000 bpd in October, Kpler data shows. December exports along the route are so far tracking at 288,000 bpd.
| 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) | $641.25-649 (18 KT) |
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| $648.75 (10KT) | Glencore, Equinor, Trafigura | Gunvor, Aramco, BP |
Ebob Barges E10 Argus (fob ARA) | $647.50 (10KT) |
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| $655.50 on 3KT (assessed) | Trafigura, Gunvor, Exxon | BP, Varo |
Jan. swap (fob ARA) | $623.25 |
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| $625.75 | ||
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 |
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Ebob crack (per barrel) | $15.01 | Prev. $14.75 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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