Europe Gasoline/Naphtha-Gasoline margins rise slightly
LONDON, Aug 16 (Reuters) -Northwest European gasoline refining margins rose by around 60 cents to $11.91 a barrel on Friday as a fall in regional inventories provided some support.
No Eurobob E10 barges traded in the Argus window on Friday.
Trafigura sold two Eurobob E5 barges to Shell.
ARA gasoline stocks fell by 1% to 995,000 metric tons in the week to Aug. 15, according to data from Dutch consultancy Insights Global.
Stocks fell as transatlantic exports firmed, though inland demand weakened, said Insight Global's Lars van Wageningen.
EU and UK gasoline exports have reached 871,000 barrels per day so far this month, compared with 1.21 million bpd in July, Kpler data showed.
Global naphtha refining margins are set to remain strong through the fourth quarter as unplanned supply disruptions provide potential further support, Sparta Commodities analyst Samantha Hartke said.
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) | $770.25 (4KT) | $769.75 (4KT) | Trafigura | Shell | ||
Ebob Barges E10 Argus (fob AR) | 3KT assessed at $769.25 | $778 (4KT) | ||||
Sept swap (fob ARA) | $766.25 | $781 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | $793 | |||||
Cargoes (fob MED) | ||||||
Cargoes (cif NW E) | $817 | $817 | ||||
Naphtha (cif NW E) NAF-C-NWE | Aug +$1 |
Ebob crack (per barrel) | $11.91 | Prev. $11.34 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan
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