Europe Gasoline/Naphtha-Gasoline margins dip lower
LONDON, Feb 18 (Reuters) - Northwest European gasoline refining profit margins fell by 77 cents on Tuesday to $9.34 a barrel, while a cargo changed hands in the Mediterranean.
There were no Eurobob E10 barge trades in the Argus window on Tuesday.
A total of 7,800 metric tons of E5 gasoline barges traded, as TotalEnergies sold barges to BP, Gunvor, and Phillips 66.
In the Platts window, Vitol bought a gasoline cargo in the Mediterranean from Trafigura, while in Northwest Europe Musket offered a cargo for Thames delivery.
The Russian government may extend gasoline export permits for major producers until the end of August 2025, Russian newspaper Kommersant reported on Tuesday, citing sources.
UK and EU gasoline exports are on track to reach 787,000 barrels per day so far this month, compared with 891,000 bpd in January, Kpler data show.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | ||||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $716.50-720.25 (7.8KT) | $716.75 (8KT) | TotalEnergies | BP, Gunvor, P66 | ||
Ebob Barges E10 Argus (fob AR) | $722 (3KT assessed) | $723 (6KT) | ||||
March swap (fob ARA) | $720 | $720.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Balmo -$11 | Trafigura | Vitol | |||
Cargoes (cif NWE) | $755 | |||||
Naphtha (cif NWE) NAF-C-NWE | March +$6 | Feb +$5 |
Ebob crack (per barrel) | $9.34 | Prev. $10.11 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Robert Harvey in London; Editing by Nia Williams)
((Robert.Harvey@thomsonreuters.com; +447552256587;))
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