Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, April 21 (Reuters) - Northwest European gasoline refinery profit margins fell by about $1.48 to $19.37 a barrel on Tuesday as crude prices gained.
A total of 32,000 metric tons of E5 gasoline barges traded in the Argus window with BP, Shell, Equinor, and ExxonMobil selling to TotalEnergies and MB Energy.
A total of 3,000 metric tons of E10 gasoline barges traded in the Argus window with TotalEnergies selling to BP.
President Donald Trump said on Tuesday that he did not want to extend a rapidly expiring ceasefire in the U.S.-Israeli war on Iran and that the U.S. military was "raring to go" if negotiations were not successful.
Primary oil processing at Russia's Rosneft-operated Novokuibyshevsk refinery has been halted since April 18 after a Ukrainian drone attack, two industry sources said.
China will lower domestic retail gasoline and diesel price caps from Tuesday night, marking its first cut this year as global oil prices retreated from their peaks of the Iran war.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
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$992 |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$985.50 (32KT) |
$982.75 (26KT) |
BP, ExxonMobil, Equinor, Shell |
TOTSA, MB Energy |
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Ebob Barges E10 Argus (fob ARA) |
$984.50 (3KT) |
$982.25 on 3KT (assessed) |
TOTSA |
BP |
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May swap |
$992 |
$968 |
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Premium Unleaded (fob ARA)
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Cargoes (fob MED) |
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Cargoes (cif NWE) |
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Naphtha (cif NWE)
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Ebob crack (per barrel) |
$19.37 |
Prev. $20.85 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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