Europe Gasoline/Naphtha-Gasoline refining margins firm
Equinor EQNR | 0.00 | |
Exxon Mobil Corporation XOM | 0.00 | |
Shell Plc Sponsored ADR SHEL | 0.00 |
LONDON, June 2 (Reuters) - Northwest European gasoline refining margins recovered after sharp falls in the previous session, gaining about $1.78 to $22.36 a barrel as trading activity picked up on Tuesday.
About 9,700 metric tons of E5 gasoline barges traded in the Argus window as Equinor, Trafigura and Exxon sold to Shell, MB Energy and Varo.
Varo also bought an E5 barge from BP in the Platts window.
A further 3,100 tons of E10 gasoline barges changed hands, with Petroineos selling to MB Energy.
China's state planner has allowed some independent refiners to cut output from June, consultancies and sources said, a sign of Beijing's growing confidence that it can weather an oil shock triggered by the closure of the Strait of Hormuz.
EU-27 and UK gasoline and blending component exports averaged 811,000 barrels per day in May, compared with an average of 954,000 bpd in April, Kpler data showed.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
|
$991 |
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BP |
Varo |
Ebob Barges E10 Platts (fob ARA) |
|
|
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Ebob Barges Argus E5 (fob ARA) |
$988.75 (9.7KT) |
|
|
$989.75 (8KT) |
Trafigura, Equinor, Exxon |
Shell, MB Energy, Varo |
Ebob Barges E10 Argus (fob ARA) |
$997.00 (3.1KT) |
|
|
$998.25 on 3KT (1KT assessed) |
Petroineos |
MB Energy |
July swap |
|
|
|
$979.75 |
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Premium Unleaded (fob ARA)
|
|
|
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Cargoes (fob MED) |
|
|
|
|
|
|
Cargoes (cif NWE) |
|
|
June +$12 |
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Naphtha (cif NWE)
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Ebob crack (per barrel) |
$22.36 |
Prev. $20.58 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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