Europe Gasoline/Naphtha-Gasoline refining margins soften
LONDON, March 17 (Reuters) - Northwest European gasoline refinery profit margins fell by about $2.60 to $16.20 a barrel on Tuesday.
About 10,100 metric tons of E5 gasoline barges traded in the Argus window, with Varo, Equinor, and Trafigura selling to BP and ExxonMobil.
An additional 10,100 tons of E10 gasoline barges traded in the session with TotalEnergies selling to Varo.
China's ban on exports of diesel, gasoline and jet fuel is poised to exacerbate fuel shortages and further boost prices for Asian industry and transportation buyers already grappling with tightening supplies caused by the U.S.-Israeli war against Iran.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) | $982 (10KT) |
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| $981.50-$998.00 (15.1 KT) | Varo, Equinor, Trafigura | Shell, BP, ExxonMobil |
Ebob Barges E10 Argus (fob ARA) | $989 (10KT) |
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| $993.25-$1002.00 (17.1 KT) | TotalEnergies | Varo |
April swap (fob ARA) | $1,005 |
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| $996.00 | ||
Premium Unleaded (fob ARA)
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Cargoes (fob MED) |
| April +$15 |
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Cargoes (cif NWE) |
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Naphtha (cif NWE)
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Ebob crack (per barrel) | $15.71 | Prev. $17.70 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack |
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