Europe Gasoline/Naphtha-Gasoline refining margins rise on lower stocks
LONDON, Jan 22 (Reuters) - Northwest European gasoline refinery profit margins rose by $1.21 to $10.53 a barrel on Thursday, supported by lower regional inventories.
About 8,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, as ExxonMobil, Glencore, TotalEnergies and Equinor sold to BP.
Another 8,000 tons of Eurobob E10 cargoes traded with TotalEnegies and Gunvor sold to Varo and Sahara.
Total oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 1% on the week to their highest since March, data from Dutch consultancy Insights Global showed on Thursday.
Gasoline inventories fell by 2% to 1.38 million tons, as exports picked up.
Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 863,000 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) | $626.50 (8KT) |
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| $624 (14KT) | ExxonMobil, TotalEnegies, Equinor, Glencore | BP |
Ebob Barges E10 Argus (fob ARA) | $622 (8KT) |
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| $621.75 (6KT) | Gunvor, TotalEnergies | Varo, Sahara |
Feb. swap (fob ARA) | $628.75 |
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| $635.50 | ||
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) | $10.53 | Prev. $9.32 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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