Europe Gasoline/Naphtha-Gasoline refining margins edge lower
LONDON, April 28 (Reuters) - Northwest European gasoline refinery profit margins fell by about $1.56 to $18.94 a barrel on Tuesday as underlying crude prices rose and there was the potential for increased supplies.
A total of 5,250 metric tons of E5 gasoline barges traded in the Argus window as Exxon and BP sold to TotalEnergies.
An additional 8,000 tons of E10 gasoline barges changed hands, with Shell and Sahara selling to Varo and Exxon.
China is poised to resume exporting jet fuel, gasoline and diesel, with the country's large state oil companies having applied for export permits to ship fuel in May, the Financial Times reported, citing trading sources.
Nigeria's Dangote oil refinery has been running its gasoline-making RFCC unit at 75% capacity since April 22 owing to a temperature control issue, according to an IIR alert seen by Reuters.
Meanwhile, EU-27 and UK exports of gasoline have reached 865,000 barrels per day so far in April, compared with an average of 991,000 bpd for the whole of March.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
| $1093.00 |
| BP | Trafigura | ||
Ebob Barges E10 Platts (fob ARA) |
|
|
|
| ||
Ebob Barges Argus E5 (fob ARA) | $1094.50 - $1095.00 (5.25KT) | $1081.75 (24KT) | Exxon, BP | TOTSA | ||
Ebob Barges E10 Argus (fob ARA) | $1084.00-$1094.50 (8KT) | $1,080.25 on 3KT (assessed) | Shell, Sahara | Varo, Exxon | ||
May swap | $1078.50 | $1,073.25 | ||||
Premium Unleaded (fob ARA)
|
| |||||
Cargoes (fob MED) | May + $6 | Glencore | Vitol | |||
Cargoes (cif NWE) |
| |||||
Naphtha (cif NWE)
|
|
Ebob crack (per barrel) | $18.94 | Prev. $20.50 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack |
| |
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