Europe Gasoline/Naphtha-Gasoline refining margins jump in thin trading
ExxonMobil Holdings Corporation XOM | 0.00 | |
Shell Plc Sponsored ADR SHEL | 0.00 |
LONDON, July 3 (Reuters) - Northwest European gasoline refining margins rose $2.29 to $39.60 a barrel on Friday to a four-year high in thin trading liquidity, supported by lower supplies and firm export demand.
Finco and Shell sold a combined 6,000 metric tons of Eurobob E10 gasoline barges to Varo.
Aramco sold 2,000 tons of Eurobob E5 gasoline barges to Exxon.
China will lower domestic retail prices for gasoline and diesel from Saturday, reflecting a fall in international oil prices as Iran-U.S. peace talks have eased concern about supply disruption through the Strait of Hormuz.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell 7.4% to 940,000 metric tons on high exports and strong inland demand, data from Dutch consultancy Insights Global showed.
Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA) |
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$977 |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$945 (2KT) |
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$947.25 (1.9KT) |
Aramco |
Exxon |
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Ebob Barges E10 Argus (fob ARA) |
$938 (6KT) |
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$933.50 (5.5KT) |
Shell, Finco |
Varo |
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August swap |
$861.75 |
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$841.00 |
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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) |
$39.60 |
Prev. $37.31 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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