Europe Gasoline/Naphtha-Gasoline refining margins jump
LONDON, Nov 02 (Reuters) - Northwest European gasoline refining margins rose over $3 on Monday to $11.43 as oil prices fell.
Gunvor sold one cargo of Eurobob E5 to TotalEnergies in the session.
Additionally, 10,000 metric tons of Europbob E10 traded in the session, with Gunvor and Exxon selling to Varo, TotalEnergies and MB Energy.
EU-27 and UK gasoline exports to other regions averaged 917883,000 barrels per day in October, Kpler data shows, below an average of 1.06 million bpd in September.
Oil prices fell over 7% as talks between Iranian and Qatari officials on ending the US-Israeli war with Iran lifted hopes for reduced Middle East supply disruptions, while Iran's president said the supreme leader had granted the government "certain authorities" regarding peace talks. O/R
Vietnam will cut its average retail electricity price by 2% and remove its special consumption tax on gasoline from November 1, the government said on Saturday.
Brazilian state-run oil firm Petrobras will adjust its refining mix in December, hiking gasoline production to meet the country's summer demand and cutting diesel output after the summer planting season, a director of the company said.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) | $1070.00 | |||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $981.00 (2KT) | $1055.50 (3KT assessed) | Gunvor | TotalEnergies | ||
Ebob Barges E10 Argus (fob ARA) | $945.00 - $972.00 (10KT) | $1056.50 (3KT assessed) | Exxon, Gunvor | Varo, TotalEnergies, MB Energy | ||
December swap | $941.25 | $1048.50 (Nov) | ||||
Premium Unleaded (fob ARA) | ||||||
Cargoes (fob MED) | Nov balmo + $19 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) |
Ebob crack (per barrel) | $11.43 | Prev: $8.02 |
Brent futures | ||
Rbob | ||
Rbob crack | ||