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Europe Gasoline/Naphtha-Gasoline crack spreads widen

ReutersDec 10, 2025 6:02 PM

- Northwest European gasoline refinery profit margins rose by 79 cents to $15.76 a barrel on Wednesday, as U.S. inventories rose last week according to data from the Energy Information Administration (EIA).

  • About 6,000 metric tons of Eurobob E5 gasoline traded on barges on Wednesday, as Glencore sold to Aramco Trading and MB Energy.

  • A further 4,000 tons of Eurobob E10 gasoline barges traded, with ExxonMobil selling to Varo.

  • U.S. gasoline stocks rose by 6.4 million barrels in the week to 220.8 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.8 million-barrel rise.

  • Taiwan's Formosa Petrochemical Corp plans to shut one of its crude units and several secondary units at its Mailiao refining site for maintenance in mid-March next year, company spokesperson K.Y. Lin said.

  • EU and UK gasoline exports to other regions hit 938,000 barrels per day last month, down slightly from 947,000 bpd in October, 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)

$647-647.25 (6KT)

$641.25-649 (18 KT)

Glencore

MB Energy, Aramco

Ebob Barges E10 Argus (fob ARA)

$654 (4KT)

$647.50 (10KT)

Exxon

Varo

Jan. swap (fob ARA)

$618.50

$623.25

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$15.76

Prev. $14.97

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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