Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, Sept 30 (Reuters) - Northwest European gasoline refining margins fell by $6.91 to $43.04 a barrel on Wednesday after rising sharply in the previous session.
A total of 10,000 metric tons of gasoline E5 barges traded, with ExxonMobil and Glencore selling to Varo, Gunvor and Vitol.
US fuel inventories fell sharply on strong seasonal and global demand, stoking fresh concerns about supply shortages, with gasoline stocks reaching their lowest level since 2014, the Energy Information Administration said on Wednesday.
Naphtha prices declined due to the higher supply outlook from the Middle East, as Saudi Arabia restarted the East-West Pipeline, said Sparta Commodities analyst Jorge Molinero.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) | ||||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $1232.75 (10KT) | $1170 (15KT) | Exxon, Glencore | Varo, Gunvor, Vitol | ||
Ebob Barges E10 Argus (fob ARA) | $1205 (assessed) | $1153 (13KT) | ||||
October swap | $1172.25 | $1118.25 | ||||
Premium Unleaded (fob ARA) | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) |
Ebob crack (per barrel) | $43.04 | Prev. $49.95 |
Brent futures | ||
Rbob | ||
Rbob crack | ||