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Europe Gasoline/Naphtha-Gasoline refining profit margins fall

ReutersDec 30, 2025 5:22 PM

- Northwest European gasoline refinery profit margins fell by 39 cents to $8.86 a barrel on Tuesday.

  • About 9,200 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as ExxonMobil and Equinor sold to Gunvor, TotalEnergies and BP.

  • Another 4,000 tons of Eurobob E10 gasoline barges traded in the session, with ExxonMobil selling to BP and Van Raak.

  • Refined oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 4% in the week to December 25, data from Dutch consultancy Insights Global showed on Monday.

  • Gasoline stocks fell 10% to about 1.1 million tons on firm export activity to West Africa, Insights Global's Lars van Wageningen said.

  • Meanwhile, EU-27 and UK gasoline exports to other regions have averaged 691,000 barrels per day so far this month, down from 903,000 bpd across the full month of November.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

EUROBOB-ARA

$604

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$595 (9.2KT)

$598 (14KT)

ExxonMobil, Equinor

BP, Gunvor, TotalEnergies

Ebob Barges E10 Argus (fob ARA)

$598.75

$600 (4KT)

ExxonMobil

BP, Van Raak

Jan. swap (fob ARA)

$602.50

$603.25

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Jan - $2

Jan +$2

Ebob crack (per barrel)

$8.86

Prev. $9.25

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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