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Europe Gasoline/Naphtha-Gasoline refining margins dip lower

ReutersJan 27, 2026 5:56 PM

- Northwest European gasoline refinery profit margins fell by $1.38 a barrel to $6.94 on Tuesday, Reuters calculations showed.

  • About 22,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, which TotalEnergies and Trafigura sold to BP, Varo and Shell.

  • No Eurobob E10 barges traded in the Argus window on Tuesday.

  • In the Platts window, BP sold Varo a January 30 - February 3 barge of Eurobob E5 at $629.

  • Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 839,000 barrels per day so far in January, against 811,000 bpd over the whole of December.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

EUROBOB-ARA

$629

BP

Varo

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$614-618 (22KT traded)

$620.75 (12KT)

Trafigura, TotalEnergies

BP, Shell, Varo

Ebob Barges E10 Argus (fob ARA)

$625.50 (3KT assessed)

$621.75 (4KT)

Feb. swap (fob ARA)

$630.50

$623.25

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$6.94

Prev. $8.32

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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