Europe Gasoline/Naphtha-Gasoline refining margins fall

Phillips 66
Exxonmobil Holdings Corporation
Shell Plc Sponsored ADR

Phillips 66

PSX

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Exxonmobil Holdings Corporation

XOM

0.00

Shell Plc Sponsored ADR

SHEL

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- 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.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

$1109

$1114

Petroineos

Trafigura

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$1102.25 (4KT)

$1112.25 (6KT)

Exxon

Gunvor

Ebob Barges E10 Argus (fob ARA)

$1095.25 on 1.1KT (1.9KT assessed)

$1096.75 on 3KT (1KT assessed)

Totsa

MB Energy

August swap

$1035.75

$1021.25

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

Aug +$67

Aug +$63

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$41.13

Prev. $44.94

Brent futures

LCOc1

Rbob

RBc1

Rbob crack