Europe Gasoline/Naphtha-Gasoline refining margins slip
LONDON, May 7 (Reuters) - Northwest European gasoline refinery margins fell by about $1.23 on Thursday despite lower stocks as markets reacted to signs of a temporary agreement between the U.S. and Iran to halt the war.
A total of 26,250 metric tons of E5 gasoline barges traded in the Argus window as BP, Shell, Equinor and Trafigura sold to TotalEnergies and Exxon Mobil.
An additional 12,000 tons of E10 gasoline barges changed hands, with Shell and Trafigura selling to Varo, Exxon and Sahara.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell about 6.3% on the week, data from Dutch consultancy Insights Global showed on Thursday, while naphtha stocks fell 4.3% to 374,000 tons. ARA/
Product stocks in Asia's oil hub Singapore also fell, hitting their lowest in more than nine months in the week to May 6, official data showed.
Fuel retailers in France are now earning the same gross profit margins as before the Iran war after an initial short-lived spike in prices, the French finance ministry said on Wednesday.
| 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) | $1073.00-$1075.00 (26 KT) | $1079.50 (34KT) | BP, Shell, Equinor, Trafigura | TOTSA, Exxon | ||
Ebob Barges E10 Argus (fob ARA) | $1056.00-$1073.50 (12KT) | $1079 (24KT) | Shell, Trafirgua | Varo, Exxon, Sahara | ||
June swap | $1048.50 | $1061.75 | ||||
Premium Unleaded (fob ARA)
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Cargoes (fob MED) | Balmo + $13 |
| BP | Trafigura | ||
Cargoes (cif NWE) |
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Naphtha (cif NWE)
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Ebob crack (per barrel) | $26.01 | Prev. $27.24 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack |
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