Europe Gasoline/Naphtha-Gasoline refining margins climb on lower stocks
LONDON, June 18 (Reuters) - Northwest European gasoline refining margins rose over $1 to $26.91 a barrel on Thursday as stocks fell on both sides of the Atlantic.
Around 7,000 metric tons of Eurobob E5 gasoline barges were traded in the Argus window, with Exxon and Equinor selling to MB Energy, Trafigura and Varo.
An additional 6,000 tons of Eurobob E10 gasoline barges were also traded, with Totsa selling to Varo and Exxon.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell 8.5% on Thursday, data from Dutch consultancy Insights Global showed. ARA/
Gasoline stocks fell on the week to 1.04 million metric tons on higher exports and potentially the peak summer driving season slowly picking up, Insights Global's Rick Veringmeier said.
U.S. gasoline stockpiles fell 906,000 barrels in the week to June 12, the U.S. Energy Information Administration said. EIA/S
Kuwait's Petroleum Corporation said on Thursday that all force majeure notices issued during the war have been lifted with immediate effect, the government communication centre reported on X.
Kuwait's oil production would increase to 2 million barrels per day within a week coinciding with the opening of the Strait of Hormuz and resumption of commercial shipping, KPC added.
A second drone attack this week on Gazpromneft's Moscow refinery has damaged processing units and sparked multiple fires across the site, industry sources said.
China's refined oil product exports in May dropped by 23.6% from the same period last year, customs data showed on Thursday, curbed by fuel export restrictions that came into effect in mid-March.
Gasoline exports plunged 95.2% to only 30,000 tons.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
|
$891 |
|
$902 |
|||
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
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|
Ebob Barges Argus E5 (fob ARA) |
$880.25 (7KT) |
|
$882.75 - $885.50 (6KT) |
Exxon, Equinor |
MB Energy, Trafigura, Varo |
|
Ebob Barges E10 Argus (fob ARA) |
$883.50 (9.8KT) |
|
$880.75 - $894.00 (13KT) |
Totsa |
Varo, Exxon, MB Energy |
|
July swap |
$863 |
|
$870.00 |
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Premium Unleaded (fob ARA)
|
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Cargoes (fob MED) |
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|
|
|
|
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Cargoes (cif NWE) |
|
|
|
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Naphtha (cif NWE)
|
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|
|
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|
Ebob crack (per barrel) |
$26.91 |
Prev. $25.73 |
Brent futures |
LCOc1 |
|
Rbob |
RBc1 |
|
Rbob crack |
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