Europe Gasoline/Naphtha-Gasoline refining margins firm
LONDON, Jan 21 (Reuters) - Northwest European gasoline refinery profit margins rose by $1.34 to $9.32 a barrel on Wednesday, buoyed by firm buying demand.
About 14,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, bringing total liquidity for this week to 60,000 tons. ExxonMobil, Glencore, TotalEnergies and Trafigura sold to BP and MB Energy.
An additional 6,000 tons of Eurobob E10 cargoes traded as Trafigura and Gunvor sold to BP and Shell.
Europe must view oil refining infrastructure as critical, VaroPreem chief executive Dev Sanyal said on Wednesday, as he prepares for more consolidation in a sector battered by decades of closures and intensifying competition from newer plants abroad.
Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 846,000 barrels per day so far in January, against 806,000 bpd over the whole of December.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) | $624 (14KT) |
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| $607.50-624 (20KT traded) | Trafigura, Exxon, TotalEnergies, Glencore | BP, MB Energy |
Ebob Barges E10 Argus (fob ARA) | $621.75 (6KT) |
|
| $612.75 (24KT traded) | Gunvor, Trafigura | BP, Shell |
Feb. swap (fob ARA) | $635.50 |
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| $630 |
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Premium Unleaded (fob ARA) PU-10PP-ARA |
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Cargoes (fob MED) |
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Cargoes (cif NWE) |
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Naphtha (cif NWE) NAF-C-NWE |
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Ebob crack (per barrel) | $9.32 | Prev. $7.98 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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