Europe Gasoline/Naphtha-Gasoline refining margins climb on lower stocks

- 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.



Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)


$891

$902



Ebob Barges E10 Platts (fob ARA)

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

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$26.91

Prev. $25.73

Brent futures

LCOc1

Rbob

RBc1

Rbob crack