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Europe Gasoline/Naphtha-Gasoline refining margins hold steady

ReutersJan 26, 2026 5:21 PM

- Northwest European gasoline refinery profit margins were little changed on Monday at $8.18 a barrel.

  • About 12,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, as ExxonMobil, Equinor and Glencore sold to BP and Aramco.

  • Another 4,000 tons of Eurobob E10 cargoes traded with Sahara, selling to Varo.

  • The Russian energy ministry has submitted a proposal to the government requesting that the gasoline export ban for fuel producers be lifted ahead of schedule, Interfax reported, citing a source familiar with the matter. The government in late December extended the temporary ban on gasoline exports for all exporters, including producers, until February 28.

  • Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 847,000 barrels per day so far in January, against 817,000 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)

$620.75 (12KT)

$622.00-$624.75 (16 KT)

ExxonMobil, Equinor and Glencore

BP, Aramco

Ebob Barges E10 Argus (fob ARA)

$621.75 (4KT)

$616.75 (10 KT)

Sahara

Varo

Feb. swap (fob ARA)

$623.25

$634.50

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

$656

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$8.18

Prev. $8.17

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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