Europe Gasoline/Naphtha-Gasoline refining margins firm on tight supplies
LONDON, May 8 (Reuters) - Northwest European gasoline refinery margins rose by about 90 cents on Friday to $26.91 a barrel, supported by tighter supplies and strong buying demand.
About 23,000 metric tons of E5 gasoline barges traded in the Argus window as BP, Shell, Equinor and Trafigura sold to TotalEnergies.
An additional 9,400 tons of E10 gasoline barges changed hands, with Shell, Total, and Trafigura selling to MB Energy, Van Raak and Exxon.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell about 6.3% on the week, data from Dutch consultancy Insights Global showed on Thursday, while naphtha stocks fell 4.3% to 374,000 tons. ARA/
Libya's 120,000 barrel per day Zawiya oil refinery has been closed and an emergency declared after clashes erupted near the facility, two engineers and the refinery's operator said on Friday.
U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday.
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Ebob Barges MOC Platts E5 (fob ARA)
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$1082.25 (23KT) |
$1073.00-$1075.00 (26 KT) |
BP, Shell, Equinor, Trafigura |
TOTSA |
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Ebob Barges E10 Argus (fob ARA) |
$1084.50 (9.4KT) |
$1056.00-$1073.50 (12KT) |
Shell, Trafigura, TOTSA |
MB Energy, Exxon, Van Raak |
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June swap |
$1075 |
$1048.50 |
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Premium Unleaded (fob ARA)
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Cargoes (fob MED) |
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Balmo + $13 |
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Cargoes (cif NWE) |
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Naphtha (cif NWE)
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Ebob crack (per barrel) |
$26.91 |
Prev. $26.01 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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