Europe Gasoline/Naphtha-Gasoline refining margins gain
LONDON, May 11 (Reuters) - Northwest European gasoline refinery margins rose by $1.56 on Monday to $28.47 a barrel, extending gains from the previous session as the market eyed a tighter supply picture.
About 14,000 metric tons of E5 gasoline barges traded in the Argus window as BP and Trafigura sold to TotalEnergies, Exxon Mobil and Sahara.
An additional 6,000 tons of E10 gasoline barges changed hands, with Sahara selling to Exxon and BP.
Indian Prime Minister Narendra Modi on Sunday called for measures including fuel conservation, work-from-home practices and limits on travel and imports as a surge in global energy prices puts pressure on the country's foreign exchange reserves.
South Korea's SK Energy has brought forward maintenance of a crude unit at its Ulsan refinery to mid-May from the end of May, a source with direct knowledge of the matter said on Monday.
U.S. President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal has fuelled concerns that the 10-week-old conflict will drag on and continue to paralyse shipping through the Strait of Hormuz, pushing oil prices higher on Monday.
| 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) | $1121 (14KT) | $1082.25 (23KT) | Trafigura, BP | TOTSA, Exxon Mobil, Sahara | ||
Ebob Barges E10 Argus (fob ARA) | $1122.75 (6KT) | $1084.50 (9.4KT) | Sahara | BP, Exxon Mobil | ||
June swap | $1105.50 | $1075 | ||||
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) | $28.47 | Prev. $26.91 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack |
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