Europe Gasoline/Naphtha-Gasoline refining margins drop
LONDON, March 19 (Reuters) - Northwest European gasoline refinery profit margins dropped by about $1.85 a barrel on Friday.
About 20,000 metric tons of E10 gasoline barges traded in the Argus window as TotalEnergies, Sahara and Trafigura sold to Varo, Glencore, and Sahara.
An additional 10,000 tons of E5 gasoline barges traded in the session, with Sahara and Equinor selling to Shell and TotalEnergies.
A fire at a Kuwait Petroleum Corporation refinery was brought under control after two drones targeted the facility on Friday, the Kuwaiti army said in a statement, adding that no injuries were reported.
Kuwait's state oil firm said its Mina Al-Ahmadi refinery had suffered multiple drone attacks on Friday that set some units alight.
Surging oil prices in physical markets have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on 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) | $1,036.75 (12KT) | $1,070.50 (10KT) | Trafigura, Equinor, Sahara | TOTSA, Gunvor | ||
Ebob Barges E10 Argus (fob ARA) | $1,048.75 (20KT) | $1,076 (22KT) | TOTSA, Exxon Mobil | Shell, Varo, Trafigura | ||
April swap (fob ARA) | $1,074.75 | $1,079.25 | ||||
Premium Unleaded (fob ARA)
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Cargoes (fob MED) |
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| April +$33 | April +$28 |
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Cargoes (cif NWE) |
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Naphtha (cif NWE)
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Ebob crack (per barrel) | $17.02 | Prev. $18.87 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack |
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