Europe Gasoline/Naphtha-Gasoline refining margins hit near 1-month high
LONDON, Nov 10 (Reuters) - Northwest European gasoline refining margins surged on Tuesday to the highest since mid-October to over $36 a barrel as oil prices hit multi-month lows.
A total of 2,000 metric tons of Eurobob E5 barges traded in the Argus window as Phillips 66 sold to Gunvor.
Around 10,000 tons of Eurobob E10 traded, with Shell and ExxonMobil selling to Varo and Trafigura on the Argus platform.
Oil prices slid about 2% to two-month lows on Tuesday after US officials downplayed the need for additional military action against Iran, easing fears of additional Middle East supply disruptions.
Fuel shortages have returned to at least half a dozen Russian regions, officials and Russian media said, after Ukrainian strikes on at least eight major oil refineries in the past two weeks raised the prospect of motorists once again queuing for hours at filling stations.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) | $902 | $928 | Varo | Trafigura | ||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $857 (2KT) | $899.75 (4KT) | Phillips 66 | Gunvor | ||
Ebob Barges E10 Argus (fob ARA) | $845 (10KT) | $888.75 (12KT) | ExxonMobil, Shell | Varo, Trafigura | ||
December swap | $849 | $873.50 | ||||
Premium Unleaded (fob ARA) | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) |
Ebob crack (per barrel) | $36.95 | Prev: $13.44 |
Brent futures | ||
Rbob | ||
Rbob crack | ||