Europe Gasoline/Naphtha-Gasoline margins rise
LONDON, Dec 10 (Reuters) -Northwest European gasoline refining profit margins rose by around 83 cents to $6.96 per barrel on Tuesday, while European gasoline exports were set to drop in December.
About 11,000 metric tons of Eurobob E10 traded in the Argus window, down slightly from 12,000 tons on Monday.
Another 6,000 tons of Eurobob E5 barges traded, unchanged from 6,000 tons the previous session.
In the Platts window, Trafigura sold a 2,000 ton E5 barge to Varo.
A northwest European naphtha cargo traded in the Platts window at a $2 discount to December balance of month pricing.
Gasoline exports from Nigeria's Dangote refinery are expected to reach 66,000 barrels per day in December, up from 43,000 bpd in November, according to Kpler. Nigerian gasoline exports could rise in the coming months as the Dangote refinery ramps up.
Meanwhile, EU and UK gasoline exports were on pace to drop in December to around 653,000 bpd, down from 1.05 million bpd in November, which was their highest since August, Kpler data showed.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $679 (2KT) | Trafigura | Varo | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $667.75 (6KT) | $657.50 (6KT) | Shell, Musket | BP, ExxonMobil | ||
Ebob Barges E10 Argus (fob AR) | $672.36 (11KT) | $664.67 (12KT) | ||||
Jan swap (fob ARA) | $674.25 | $667.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | $717 CIF Thames | |||||
Naphtha (cif NWE) NAF-C-NWE | Dec. - $2 |
Ebob crack (per barrel) | 6.96 | Prev. $6.13 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Reporting by Enes Tunagur; Editing by Krishna Chandra Eluri
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