Europe Gasoline/Naphtha-Gasoline margins end week lower
LONDON, Nov 22 (Reuters) -Northwest European gasoline refining profits were little changed on Friday at $6.30 a barrel as rising Atlantic basin stocks weighed.
A total of 14,000 metric tons of Eurobob E5 traded in the Argus window, with Gunvor and Musket selling to Shell and BP.
Another 5,000 tons of Eurobob E10 barges traded. Exxon, Gunvor and Shell sold to Varo and TotalEnergies.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7.5% in the week to Thursday to their highest in almost a year, data from Dutch consultancy Insights Global showed.
Gasoline stocks stood at 1.25 million metric tons as exporters stocked up ahead of shipping fuel out of the region to the United States and West Africa, Insight Global's Lars van Wageningen said.
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday.
Gasoline stocks USOILG=ECI rose by 2.1 million barrels in the week to 208.9 million barrels, the EIA said, compared with expectations for a 900,000-barrel build.
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) | $684.50-$686 | $676.75 (12KT) | Gunvor, Musket | Shell, BP | ||
Ebob Barges E10 Argus (fob AR) | $686.50-$692.75 | $681.25 (12KT) | Exxon, Gunvor, Shell | Varo, Total | ||
Dec swap (fob ARA) | $681 | $675.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | $706 | $691-693 (5 barges) | ||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Dec -$2 | Dec flat |
Ebob crack (per barrel) | $6.25 | Prev. $6.30 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Reporting by Ron Bousso; Editing by Shreya Biswas
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