Europe Gasoline/Naphtha-Gasoline refining rise on lower stocks

رويال داتش شل

Shell Plc Sponsored ADR

SHEL

0.00

- Northwest European gasoline refinery margins rose by over $3 to $29.03 a barrel on Friday, boosted by lower inventories and brisk trading activity.

  • About 20,000 metric tons of E5 gasoline barges traded in the Argus window as BP sold to TotalEnergies. BP also sold an E5 barge to Trafigura in the Platts afternoon window.

  • A further 14,000 tons of E10 gasoline barges traded on an Argus basis, with Shell selling to Varo, Trafigura and ExxonMobil.

  • Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell around 11% on the week, data from Dutch consultancy Insights Global showed, on a rise in exports and limited imports. ARA/

  • China is expected to see only a slight uptick in refined fuel exports in June from May, three trade sources familiar with the matter said, as Beijing is set to maintain export curbs for a fourth month to safeguard domestic supply.

  • Meanwhile, EU-27 and UK gasoline and blending component exports have averaged 763,000 barrels per day so far this month, compared with an average of 944,000 bpd in April, Kpler data showed.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

$1106


BP

Trafigura

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$1087.50 (20KT)

$1123.50-$1131.50 (29KT)

BP

TotalEnergies

Ebob Barges E10 Argus (fob ARA)

$1084.50 (14KT)

$1109-$1116 (4.2KT)

Shell

Varo, Trafigura, ExxonMobil

June swap

$1081.50

$1107.75

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$29.03

Prev. $25.84

Brent futures

LCOc1

Rbob

RBc1

Rbob crack