Europe Gasoline/Naphtha-Gasoline refining margins ease after multi-year highs
LONDON, May 5 (Reuters) - Northwest European gasoline refinery profit margins eased by $2.91 to $27.68 a barrel on Tuesday after rising to their highest last week since August 2023.
A total of 30,000 metric tons of E5 gasoline barges traded in the Argus window as BP, Shell, Varo, Gunvor and Trafigura sold to TotalEnergies, MB Energy and Exxon Mobil.
An additional 18,000 tons of E10 gasoline barges changed hands, with Shell, Gunvor and Trafigura selling to Exxon, MB Energy, Van Raak, Trafigura and BP.
Ukraine attacked one of Russia's biggest oil refineries on Tuesday, sparking a fire in an industrial area of Kirishi town in the Leningrad region, Governor Alexander Drozdenko said.
India's auto dealerships are bracing for potential ripple effects on fuel prices and supply chains from the Middle East conflict, a senior industry official said on Tuesday after retail vehicle sales hit a record high for April.
U.S. gasoline inventories are drawing down sharply, heading towards historical summer lows as a collapse in imports and shifts in refinery yields tighten supply, Morgan Stanley said in a Monday note.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
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| $1139.00 | Shell | Trafigura | |
Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) | $1160.75 (30KT) | $1167.00 (24 KT) | BP, Shell, Varo, Gunvor, Trafigura | TOTSA, MB Energy, Exxon | ||
Ebob Barges E10 Argus (fob ARA) | $1155.75 (18KT) | $1131.00-$1161.50 (8 KT) | Shell, Gunvor, Trafigura | Exxon, MB Energy, Van Raak, Trafigura, BP | ||
June swap | $1121 | $1096.00 | ||||
Premium Unleaded (fob ARA)
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Cargoes (fob MED) |
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Cargoes (cif NWE) |
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Naphtha (cif NWE)
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Ebob crack (per barrel) | $27.68 | Prev. $30.59 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack |
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