Europe Gasoline/Naphtha-Gasoline refining margins drop
Phillips 66 PSX | 0.00 | |
Exxonmobil Holdings Corporation XOM | 0.00 | |
Shell Plc Sponsored ADR SHEL | 0.00 |
LONDON, July 22 (Reuters) - Northwest European gasoline refining margins fell by $2.07 to $39.06 a barrel on Wednesday, extending losses from the previous session as crude oil futures gained on worries of more supply disruptions because of the U.S.-Iran war.
A total of 7,000 tons of Eurobob E5 barges traded on Argus, with Exxon Mobil, Sahara, BP and Petroineos selling to Varo and Gunvor.
A further 4,000 tons of Eurobob E10 barges traded, sold by Shell and Finco to BP.
Petroineos also sold an E5 barge to Trafigura in the Platts window.
Kyrgyzstan has agreed to build a $25 million mini oil refinery in the south of the country as it seeks to boost domestic fuel production and reduce reliance on imports amid tightening supplies from Russia.
Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two of the world's most critical energy chokepoints.
The Dangote refinery, Nigeria's largest, has been undergoing maintenance work since July 10 due to issues with a steam generator, commodities analytics firm Kpler said earlier this week, reducing run-rates at its crude-processing and gasoline-producing units.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA) |
$1087 |
$1109 |
Petroineos |
Trafigura |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$1078.50 (7KT) |
|
$1102.25 (4KT) |
Exxon, Sahara, BP, Petroineos |
Varo, Gunvor |
|
Ebob Barges E10 Argus (fob ARA) |
$1072.25 (4KT) |
|
$1095.25 on 1.1KT (1.9KT assessed) |
Shell, Finco |
BP |
|
August swap |
$1043.50 |
|
$1035.75 |
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Premium Unleaded (fob ARA) |
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Cargoes (fob MED) |
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August +$78 |
|
|
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Cargoes (cif NWE) |
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|
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Naphtha (cif NWE) |
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|
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Ebob crack (per barrel) |
$39.06 |
Prev. $41.13 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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