Europe Gasoline/Naphtha-Gasoline refining margins firm on tight supplies

- Northwest European gasoline refinery margins rose by about 90 cents on Friday to $26.91 a barrel, supported by tighter supplies and strong buying demand.

  • About 23,000 metric tons of E5 gasoline barges traded in the Argus window as BP, Shell, Equinor and Trafigura sold to TotalEnergies.

  • An additional 9,400 tons of E10 gasoline barges changed hands, with Shell, Total, and Trafigura selling to MB Energy, Van Raak and Exxon.

  • Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell about 6.3% on the week, data from Dutch consultancy Insights Global showed on Thursday, while naphtha stocks fell 4.3% to 374,000 tons. ARA/

  • Libya's 120,000 barrel per day Zawiya oil refinery has been closed and an emergency declared after clashes erupted near the facility, two engineers and the refinery's operator said on Friday.

  • U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday.

Trade

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Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$1082.25 (23KT)

$1073.00-$1075.00 (26 KT)

BP, Shell, Equinor, Trafigura

TOTSA

Ebob Barges E10 Argus (fob ARA)

$1084.50 (9.4KT)

$1056.00-$1073.50 (12KT)

Shell, Trafigura, TOTSA

MB Energy, Exxon, Van Raak

June swap

$1075

$1048.50

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

Balmo + $13

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$26.91

Prev. $26.01

Brent futures

LCOc1

Rbob

RBc1

Rbob crack