Europe Gasoline/Naphtha-Gasoline crack spreads fall
LONDON, Dec 11 (Reuters) - Northwest European gasoline refinery profit margins fell by $1.37 to $14.53 a barrel on Thursday.
About 11,500 metric tons of Eurobob E5 gasoline traded on barges, as Equinor, Trafigura and Glencore sold to Gunvor, Aramco, and BP.
No Eurobob E10 gasoline barges traded in the session.
China's oil demand is forecast to plateau between the years 2025 and 2030, a research group linked to state oil major CNPC said on Thursday, as the rise of electric vehicles slashes demand for gasoline and diesel.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell around 2% on the week, data from Dutch consultancy Insights Global showed on Thursday. ARA/
EU and UK gasoline exports to other regions hit 937,000 barrels per day last month, down slightly from 950,000 bpd in October, 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) | $636.50-$642.75 (11.5KT) |
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| $647-647.25 (6KT) | Glencore | MB Energy, Aramco |
Ebob Barges E10 Argus (fob ARA) | $640.50 (3KT assessed) |
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| $654 (4KT) | Exxon | Varo |
Jan. swap (fob ARA) | $612.50 |
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| $618.50 | ||
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) | $14.53 | Prev. $15.90 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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