Europe Gasoline/Naphtha-Gasoline refining margins rise
LONDON, Nov 6 (Reuters) - Northwest European gasoline refining margins rose by $2 on Friday as oil prices headed for a weekly decline.
Varo sold one cargo of Eurobob E5 to TotalEnergies on the Platts platform.
Around 6,000 metric tons of Eurobob E10 traded, Exxon Mobil selling to Varo and TotalEnergies on the Argus platform.
Oil prices were set for a sharp weekly fall after the election losses of US President Donald Trump's Republican Party raised hopes of a de-escalation in the US-Israeli war on Iran and a stock market sell-off, though attacks on vessels in the Middle East continue to provide a floor to crude. O/R
India's fuel consumption in October rose nearly 10% from the previous month, its highest level since March.
US refiners significantly reduced motor gasoline yields to prioritize higher-margin distillate fuel oil and jet fuel amid constrained global supplies, the Energy Information Administration said on Thursday.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) | $927.00 | $923.00 | Varo | TotalEnergies | ||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $913.25 (2KT assessed) | $901.00 (2KT) | ||||
Ebob Barges E10 Argus (fob ARA) | $904.50 - $906.00 (6KT) | $896.50 - $904.50 (8KT) | Exxon | Varo, TotalEnergies | ||
December swap | $901.50 | $887.75 | ||||
Premium Unleaded (fob ARA) | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) |
Ebob crack (per barrel) | $11.30 | Prev: $8.97 |
Brent futures | ||
Rbob | ||
Rbob crack | ||