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Europe Gasoline/Naphtha-Gasoline refining profit margins edge lower

ReutersDec 17, 2025 5:45 PM

- Northwest European gasoline refinery profit margins fell by about 90 cents to $10.24 a barrel on Wednesday, as U.S. inventories rose in the week to December 12 according to Energy Information Administration (EIA) data.

  • About 10,000 metric tons of Eurobob E5 gasoline traded on barges as ExxonMobil and Trafigura sold to BP and MB Energy.

  • Another 9,000 tons of Eurobob E10 gasoline barges traded in the session, as TotalEnergies and Trafigura were on the sell side, and Trafigura, BP and MB Energy were buyers.

  • U.S. gasoline stocks rose by 4.8 million barrels in the week to 225.6 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel build.​

  • Rising Russian naphtha exports to Venezuela are at risk after U.S. President Donald Trump ordered a blockade of all sanctioned oil tankers entering and leaving the Latin America country, market sources said.

  • Meanwhile, EU-27 and UK gasoline exports to other regions have averaged 577,000 barrels per day so far this month down from 943,000 bpd across the full month of November.

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)

$587.25-590.50 (10KT)

$588.50 (18KT)

Trafigura, ExxonMobil

BP, MB Energy

Ebob Barges E10 Argus (fob ARA)

$586.50 (9KT)

$585.75 (10KT)

TotalEnergies, Trafigura

BP, Trafigura, MB Energy

Jan. swap (fob ARA)

$589.25

$584.75

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

$609

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$10.24

Prev. $11.14

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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