Europe Gasoline/Naphtha-Gasoline refining margins slump on higher stocks
LONDON, May 15 (Reuters) - Northwest European gasoline refinery margins fell sharply by about 14% to $27.42 a barrel as regional inventories rose and underlying crude prices gained.
About 24,000 metric tons of E5 gasoline barges traded in the Argus window as BP sold to TotalEnergies and ExxonMobil. BP also sold an E5 barge to Trafigura in the Platts window.
An additional 4,000 tons of E10 gasoline barges traded on an Argus basis with Total selling to Shell.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub rose by 8.3% to 1.17 million tons as export activity slowed and inland demand remained stable, data from Dutch consultancy Insights Global showed on Friday
Meanwhile, average EU-27 and UK exports of gasoline and blending components stood at 657,000 bpd this month, compared with 945,000 bpd in April, data from Kpler showed.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
|
$1179 |
|
$1141.00 |
BP |
Trafigura |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$1152.75 (24KT) |
$1154.00 (32KT) |
BP |
TOTSA, Exxon |
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Ebob Barges E10 Argus (fob ARA) |
$1152.00 (4KT) |
$1132.50-$1153.00 (12KT) |
TOTSA |
Shell |
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June swap |
$1147.25 |
$1110.75 |
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Premium Unleaded (fob ARA)
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Cargoes (fob MED) |
$1172, Balmo+$8 |
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Cargoes (cif NWE) |
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Naphtha (cif NWE)
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|
Ebob crack (per barrel) |
$27.42 |
Prev. $31.82 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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