Europe Gasoline/Naphtha-Gasoline refining margins edge lower
LONDON, Jan 7 (Reuters) - Northwest European gasoline refinery profit margins fell by 12 cents on the day to $9.48 a barrel on Wednesday.
About 20,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Equinor, Trafigura, Glencore and ExxonMobil sold to BP, Aramco and Varo.
U.S. Gulf Coast gasoline stockpiles rose to their highest since January 2020 in the week ended January 2, the EIA said.
California Governor Gavin Newsom said on Tuesday that Valero Energy would keep importing gasoline into Northern California after its Benicia refinery ceases operations in April rather than making a full exit from the market.
EU-27 and UK gasoline exports rose to 1.28 million barrels per day (bpd) in December, up from 1.23 million bpd in November, according to Kpler.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
|
|
| $596 |
|
|
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $582.75 (20KT) | $590.50 (18KT) | Equinor, Glencore, Trafigura, ExxonMobil | BP, Aramco, Varo | ||
Ebob Barges E10 Argus (fob ARA) | $581.75 (assessed) | $588.50 (8KT) | ||||
Feb. swap (fob ARA) | $590.50 | $598.50 |
|
| ||
Premium Unleaded (fob ARA) PU-10PP-ARA |
| |||||
Cargoes (fob MED) |
| Jan -$4 | Jan +$1 | |||
Cargoes (cif NWE) |
|
| $619 | |||
Naphtha (cif NWE) NAF-C-NWE |
|
|
|
|
Ebob crack (per barrel) | $9.48 | Prev. $9.60 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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