Europe Gasoline/Naphtha-Gasoline refining margins slump
LONDON, March 24 (Reuters) - Northwest European gasoline refinery profit margins fell sharply to nearly $12.68 per barrel on Tuesday as underlying crude prices gained.
About 14,000 metric tons of E10 gasoline barges traded in the Argus window as TotalEnergies and Sahara sold to BP, Varo and MB Energy.
An additional 6,000 tons of E5 gasoline barges traded in the session, with ExxonMobil selling to TotalEnergies.
EU-27 and UK gasoline and component exports to other regions have averaged 763,000 barrels per day so far in March, Kpler data shows, compared with an average of 883,000 bpd in the whole of February.
| 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) | $980.25 on 6KT (Summer) | $1,044.50 (3.3KT) | ExxonMobil | TotalEnergies | ||
Ebob Barges E10 Argus (fob ARA) | $984 on 14KT (11KT Winter; 3KT Summer, 2KT assessed) | $1,049.50 (20KT) | TotalEnergies, Sahara | BP, Varo, MB Energy | ||
April swap (fob ARA) | $1,003.50 | $1,014 |
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Premium Unleaded (fob ARA)
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Cargoes (fob MED) |
| April +$17 | April +$21 |
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Cargoes (cif NWE) |
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Naphtha (cif NWE)
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Ebob crack (per barrel) | $12.68 | Prev. $23.7 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack |
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