Europe Gasoline/Naphtha-Gasoline refining margins recover

By Reuters News

- Northwest European gasoline refining margins recovered by $15.37 to $48.58 a barrel on Tuesday after falling sharply in the previous session.

  • A total of 15,000 metric tons of gasoline E5 barges traded, with ExxonMobil, Glencore and Equinor selling to BP, Varo, Gunvor and Vitol.

  • A further 13,000 tons of gasoline E10 barges traded, with Trafigura, Glencore and BGN selling to Varo, Vitol, Equinor and MB Energy.

  • Oil futures declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran. O/R

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)

$1170 (15KT)

$1166.25 (6KT)

Exxon, Glencore, Equinor

BP, Varo, Gunvor, Vitol

Ebob Barges E10 Argus (fob ARA)

$1153 (13KT)

$1145.50 (3KT)

Trafigura, Glencore, BGN

Varo, Vitol, Equinor, MB Energy

October swap

$1118.25

$1137

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$48.58

Prev. $33.21

Brent futures

Rbob

Rbob crack

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