Europe Gasoline/Naphtha-Gasoline margins fall on US stockbuild
LONDON, Nov 27 (Reuters) -Northwest European gasoline refining profits shed $1.39 on Wednesday to $5.60 a barrel, after U.S. stocks posted a surprise build last week, data showed.
A total of 4,000 metric tons of Eurobob E10 traded in the Argus window, with Gunvor selling to Mabanaft and Trafigura.
Another 14,000 tons of Eurobob E5 barges traded. Gunvor sold to Shell, ExxonMobil, and BP.
U.S. gasoline inventories posted a surprise build last week ahead of the Thanksgiving holiday, while crude oil stockpiles fell more than expected as imports slumped, with supplies from Mexico at a record low, the Energy Information Administration (EIA) said on Wednesday.
Gasoline stocks USOILG=ECI rose by 3.3 million barrels in the week ended Nov. 22 to 212.2 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 46,000-barrel draw.
Russia's accumulated fuel reserves are sufficient to fulfil the needs of the domestic fuel market, the TASS state news agency cited the energy ministry as saying on Wednesday.
Russia may lift its ban on gasoline exports from refineries for two months - from Dec. 1 to Jan. 31, the Kommersant daily reported on Wednesday, citing sources.
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) | $667 | $671-$678 | Gunvor | Shell, BP, Exxon | ||
Ebob Barges E10 Argus (fob AR) | $663.50 | $669 | Gunvor | Mabanaft, Trafigura | ||
Dec swap (fob ARA) | $658.50 | $670 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Jan +$5 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | Dec -$7 |
Ebob crack (per barrel) | $5.60 | Prev. $6.79 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Reporting by Robert Harvey;Editing by Elaine Hardcastle
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