Europe Gasoline/Naphtha-Gasoline margins dip lower

Reuters
19 Feb
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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