Europe Gasoline/Naphtha-Gasoline margins climb on lower stockpiles

Reuters
30 Nov 2024

LONDON, Nov 29 (Reuters) - Northwest European gasoline refining profits rose by about $1 on Friday to $5.80 a barrel as a sharp fall in regional inventories supported.

* Shell sold a barge of Eurobob E10 traded in the Argus window to Trafigura.

* Another 16,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Shell, ExxonMobil and Mabanaft.

* Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp $(ARA)$ refining and storage hub fell by 8.5% in the week to Nov. 28, data from Dutch consultancy Insights Global showed.

* Gasoline stocks dropped to 1.14 million tons because of higher exports to Africa, Insight Global's Lars van Wageningen said.

* US gasoline demand in September was 151,000 barrels per day (bpd), or 1.7%, from a year earlier at 8.994 mln bpd, Energy Information Administration data showed.

Trade Bid Offer Prev. Seller Buyer

Ebob

Barges MOC

Platts E5

(fob ARA)

<EUROBOB-A

RA>

Ebob

Barges E10

Platts

(fob ARA)

Ebob $663.7 Gunvor Shell,

Barges $662.25 5 Exxon,

Argus E5 (16KT) (15KT) Mabana

(fob AR) ft

Ebob $668.25 $674.5 Shell Trafig

Barges E10 on 3KT 0 ura

Argus (fob (1KT $(5KT.SI)$

AR) assessed

)

Dec swap $662.75 $658.7

(fob ARA) 5

Premium

Unleaded

(fob ARA)

<PU-10PP-A

RA>

Cargoes

(fob MED)

Cargoes

(cif NWE)

Naphtha

(cif NWE)

<NAF-C-NWE

>

Ebob crack (per barrel) $5.74 Prev. $4.77

Brent futures

Rbob

Rbob crack

(Reporting by Ahmad Ghaddar, Editing by Louise Heavens)

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

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