Europe Gasoline/Naphtha-Gasoline refining margins edge lower
LONDON, Feb 13 (Reuters) - Northwest European gasoline refinery profit margins fell by 80 cents on Friday to about $7.69 a barrel.
Trafigura sold 2,000 metric tons of E5 gasoline barges to TotalEnergies in the Argus window.
No Eurobob E10 gasoline barges traded in the Argus window.
Trafigura sold a cargo to Vitol in the Platts window in the Mediterranean.
Singapore light distillate stocks swelled to the highest level since July 2022 this week amid high supplies of naphtha and gasoline while demand for both products was lower-than-expected, analysts and traders said on Friday.
Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 634,000 barrels per day so far in February, against 881,000 bpd in January.
| 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) | $636.50 (2KT) |
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| $638.50 (6KT) | Trafigura | TotalEnergies |
Ebob Barges E10 Argus (fob ARA) | $638.25 (3KT assessed) |
|
| $640.50 (4KT) |
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Mar. swap (fob ARA) |
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| $652 | |||
Premium Unleaded (fob ARA) PU-10PP-ARA |
| $655 | $672 | |||
Cargoes (fob MED) | March -$5 | March -$8 | Vitol | Trafigura | ||
Cargoes (cif NWE) |
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Naphtha (cif NWE) NAF-C-NWE |
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Ebob crack (per barrel) | $7.69 | Prev. $8.49 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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