Europe Gasoline/Naphtha-Gasoline refining margins hover near multi-month lows

By Reuters News

- Northwest European gasoline refining margins steadied on Monday near their lowest since mid-June at $27.85 a barrel.

  • In the Argus window, 12,000 metric tons of Eurobob E5 barges traded, with Equinor, Exxon and Varo selling to TotalEnergies and Gunvor

  • Shell and Exxon sold 4,000 tons of Eurobob E10 barges to Varo and Van Raak

  • Oil prices slipped more than $1 on Monday as investors took profits after prices climbed to multi-month highs last week, while keeping a close watch on conflicts in the Middle East and Ukraine and assessing the impact of US waivers on some sanctions and tariffs affecting Russian exports O/R​

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

$1179-$1181

$1153-$1155

Exxon

TOTSA, Trafigura

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$1153.50 (12KT)

$1142.00-$1146.50 (9KT)

Varo, Equinor, Exxon

Gunvor, TOTSA

Ebob Barges E10 Argus (fob ARA)

$1118.50 (4KT)

$1095.00-$1110.50 (8KT)

Shell, Exxon

Varo, Van Raak

November swap

$1065.25

$1053.50

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

+$10

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$27.85

Prev. $26.56

Brent futures

Rbob

Rbob crack

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