Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, Oct 14 (Reuters) - Northwest European gasoline refining margins fell by about $8 to $32.86 a barrel on Wednesday, marking their lowest level in a month.
In the Argus window, 6,000 metric tons of Eurobob E5 barges traded, with Vitol and Exxon Mobil selling to BP and Varo.
Shell and Exxon Mobil sold 6,000 tons of Eurobob E10 barges to Varo.
In the Platts window, Vitol sold Trafigura one E5 barge.
Rising blending costs and freight rates weighed on European gasoline margins, Sparta Commodities analyst Nikolas Plonski said.
A labour dispute over the future of Italy's troubled former Ilva steelworks is threatening fuel supplies across parts of southern Italy after protesters disrupted operations at ENI's refinery in the city of Taranto.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) | $1200 | $1231 | Vitol | Trafigura | ||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $1168.75 (6KT) | $1230.50 (8KT) | Vitol, ExxonMobil | BP, Varo | ||
Ebob Barges E10 Argus (fob ARA) | $1162.75 (6KT) | $1192.50 (6KT) | Shell, ExxonMobil | Varo | ||
November swap | $1067 | $1086.75 | ||||
Premium Unleaded (fob ARA) | ||||||
Cargoes (fob MED) | Med +$50 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) |
Ebob crack (per barrel) | $32.86 | Prev. $40.80 |
Brent futures | ||
Rbob | ||
Rbob crack | ||