Europe Gasoline/Naphtha-Gasoline refining margins rise

By Reuters News

- Northwest European gasoline refining margins rose by over $4 to $47.6 a barrel on Thursday after Chinese refiners suspended oil product exports for the month, sources familiar with the matter told Reuters.

  • A total of 10,000 metric tons of gasoline E5 barges traded, with ExxonMobil, Glencore and Trafigura selling to TotalEnergies and MB Energy.

  • Chinese refiners have suspended oil product exports for October, four people briefed on the matter said, as Beijing looks to preserve domestic stocks, a move that will further crimp war-constrained fuel markets.

  • State oil major PetroChina cancelled a handful of gasoline and jet fuel shipments that were planned for October, three of the sources said, adding it had committed to most of these in the past two weeks.

  • Asia's gasoline margin rose to a record high as various outages at regional refineries and reports that Chinese refiners have halted fuel exports for October tightened the supply outlook, traders said.

  • Meanwhile gasoline inventories were down around 12.5% from a year earlier at 890,000 tons in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub. ARA/

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)

$1225.50-$1243.50 (10KT)

$1232.75 (10KT)

Exxon, Glencore, Trafigura

TotalEnergies, MB Energy

Ebob Barges E10 Argus (fob ARA)

$1203.00 (3KT assessed)

$1205 (assessed)

November swap

$1098.25

$1172.25 (Oct)

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$47.6

Prev. $43.23

Brent futures

Rbob

Rbob crack

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