Europe Gasoline/Naphtha-Gasoline refining margins fall
Phillips 66 PSX | 0.00 | |
Exxonmobil Holdings Corporation XOM | 0.00 | |
Shell Plc Sponsored ADR SHEL | 0.00 |
LONDON, July 21 (Reuters) - Northwest European gasoline refining margins eased by nearly $4 to $41.13 a barrel on Tuesday, as underlying crude futures rallied because of heightening concerns about fresh disruptions in key Middle East shipping routes.
A total of 4,000 tons of Eurobob E5 barges traded on Argus, with ExxonMobil selling to Gunvor.
A further 1,100 tons of Eurobob E10 barges traded, sold by TotalEnergies to MB Energy.
Petroineos also sold an E5 barge to Trafigura in the Platts window.
The Dangote refinery, Nigeria's largest, has been undergoing maintenance work since July 10 due to issues with a steam generator, commodities analytics firm Kpler said, reducing run-rates at its crude-processing and gasoline-producing units.
Yemen's Iran-aligned Houthi militia told shipping companies not to load or discharge cargo at Saudi Arabian ports or they may be targeted, according to an email the group sent to companies.
Two oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast at the sea's mouth following a warning from Yemen's Iran-aligned Houthi militia.
Shell restarted a 200,000-barrel-per-day crude unit at its Pernis oil refinery in the Netherlands on July 20 after a brief outage, an alert from consultancy Wood Mackenzie seen by Reuters showed. The unit was shut down alongside the 25,600-vacuum distillation unit on July 18, Woodmac said, adding that the unit remained offline.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA) |
$1109 |
$1114 |
Petroineos |
Trafigura |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$1102.25 (4KT) |
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$1112.25 (6KT) |
Exxon |
Gunvor |
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Ebob Barges E10 Argus (fob ARA) |
$1095.25 on 1.1KT (1.9KT assessed) |
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$1096.75 on 3KT (1KT assessed) |
Totsa |
MB Energy |
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August swap |
$1035.75 |
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$1021.25 |
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Premium Unleaded (fob ARA) |
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Cargoes (fob MED) |
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Aug +$67 |
Aug +$63 |
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Cargoes (cif NWE) |
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Naphtha (cif NWE) |
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Ebob crack (per barrel) |
$41.13 |
Prev. $44.94 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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