Europe Gasoline/Naphtha-Gasoline refining margins edge higher
LONDON, Jan 19 (Reuters) - Northwest European gasoline refinery profit margins rose by about 32 cents to $7.98 a barrel on Tuesday as strong liquidity in the Argus barge market continued.
About 20,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window after 26,000 tons traded on Monday. ExxonMobil, Equinor and Trafigura sold to BP, Shell and Varo.
An additional 24,000 tons of Eurobob E10 cargoes traded, the same volume as traded on Monday. TotalEnergies, ExxonMobil, Gunvor, BP and Phillips66 sold to Van Raak, MB Energy, Varo and BP.
TotalEnergies expects 2025 fourth-quarter results to be in line with the previous year as higher fuel refining margins and cash from selling stakes in renewable assets offset weaker oil and liquefied natural gas prices.
Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 870,000 barrels per day so far in January, against 787,000 bpd over the whole of December.
| 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) | $607.50-624 (20KT traded) |
|
| $601.50 (26KT) | Trafigura, Exxon, Equinor | BP, Shell, Varo |
Ebob Barges E10 Argus (fob ARA) | $612.75 (24KT traded) |
|
| $599.75 (24KT) | Total, Exxon, Gunvor, P66, BP | BP, MB Energy, Van Raak, Varo |
Feb. swap (fob ARA) | $630 |
|
| $618 |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
|
|
Cargoes (fob MED) |
|
|
|
|
|
|
Cargoes (cif NWE) |
|
|
|
|
|
|
Naphtha (cif NWE) NAF-C-NWE |
|
|
|
|
|
|
Ebob crack (per barrel) | $7.98 | Prev. $7.67 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Related Articles
$660B Capex Bill Triggers $900B Wipeout: Why Apple Shares Outperform Amazon and Google Despite AI Lag
Based on financial disclosures, the combined 2026 capital expenditure forecasts for Meta, Amazon, Google, and Microsoft are projected to reach $660 billion. This figure is not only significantly higher than the $410 billion forecast for 2025 and $245 billion for 2024, but even surpasses the GDP of I
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
