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Europe Gasoline/Naphtha-Gasoline refining profit margins head lower

ReutersDec 15, 2025 5:48 PM

- Northwest European gasoline refinery profit margins fell by about $1.94 to $11.56 a barrel on Monday.

  • About 12,000 metric tons of Eurobob E5 gasoline traded on barges as ExxonMobil, Glencore and Equinor sold to BP, Gunvor, Varo and Aramco.

  • No E10 gasoline barges traded in the session.

  • Russia is considering an extension of diesel and gasoline export restrictions until February, state news agencies reported on Monday, citing anonymous sources.

  • The Trump administration is not expected to finalize 2026 biofuel-blending quotas before the end of this year, according to three sources familiar with the situation, extending uncertainty over a policy closely watched by the rival oil and agricultural sectors.

  • On Friday, Ukraine attacked a major Russian oil refinery in Yaroslavl, north-east of Moscow, and industry sources said the facility had suspended output. The refinery produced 2.6 million tons of gasoline last year per the sources.

  • Meanwhile, EU-27 and UK gasoline exports to other regions have averaged 434,000 barrels per day so far this month, compared to 945,000 bpd last month, according to Kpler data.

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)

$609.50-$614.00 (12KT)

$626.75 (14KT)

Exxon Mobil, Glencore, Equinor

BP, Gunvor, Varo, Aramco

Ebob Barges E10 Argus (fob ARA)

$606.25 (3KT assessed)

$636.50 on 3KT (2KT assessed)

Jan. swap (fob ARA)

$600.00

$609.25

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

$645.00

Cargoes (cif NWE)

$668

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$11.56

Prev. $13.50

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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