Europe Gasoline/Naphtha-Gasoline margins hold steady in thin trade

Reuters
01-23

LONDON, Jan 22 (Reuters) - Northwest European gasoline refining profit margins were little changed at about $6.82 a barrel on Wednesday as trading activity remained limited.

* Vitol sold to TotalEnergies one Eurobob E5 barge during the Argus trading window. Trading liquidity in the E5 market has been subdued this month.

* A further 10,000 metric tons of E10 gasoline were traded, as BP bought from Shell and TotalEnergies.

* Economics for exporting gasoline from Europe to Latin America and West Africa remained open although rising freight rates weighed on arbitrage margins to North America, Sparta Commodities analysts said in a note.

* "Whilst the EBOB contango has reduced slightly, there is still plenty of incentive to fill tanks at current levels, and this remains the most likely outlet for gasoline components and cargoes in ARA at the moment," Sparta said.

* EU and UK gasoline exports are on track to reach 904,000 barrels per day this month, Kpler data showed, compared with 951,000 bpd in December.

Trade Bid Offer Prev. Seller Buyer

Ebob Barges

MOC Platts

E5

(fob ARA)

A>

Ebob Barges

E10 Platts

(fob ARA)

Ebob Barges $725.50 $725.75 Vitol TotalE

Argus E5 (2KT) nergie

(fob AR) s

Ebob Barges $719.75 $717.75- Shell, BP

E10 Argus (10KT) $721.50 Total

(fob AR)

Feb. swap $722.50 $728

(fob ARA)

Premium

Unleaded

(fob ARA)

A>

Cargoes Feb Feb

(fob MED) -$1 -$2

Cargoes

(cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel) $6.82 Prev. $6.88

Brent futures

Rbob

Rbob crack

(Reporting by Ahmad Ghaddar;Editing by Elaine Hardcastle)

((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10