Europe Gasoline/Naphtha-Gasoline refining profits head lower

LONDON, Jan 5 (Reuters) - Northwest European gasoline refinery profit margins dropped $1.07 to $7.82 a barrel on Monday.

• About 14,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Equinor, Trafigura and Glencore sold to BP, Aramco and TotalEnergies.

• Another 10,000 tons of Eurobob E10 gasoline barges traded in the session, with Shell and Exxon both selling to Varo.

• On Monday, a Reuters poll of 34 economists forecast that Brent crude would average $61.27 per barrel in 2026, down from November's forecast of $62.23. U.S. crude is projected to average $58.15 per barrel, below November's estimate of $59.00.

• Meanwhile, EU-27 and UK gasoline exports to other regions have averaged 729,000 barrels per day in December, down from 903,000 bpd across the full month of November. Average exports in 2025 reached 957,000 bpd, nearly 13% lower than the previous year.