Europe Gasoline/Naphtha-Gasoline refining margins slide
LONDON, March 12 (Reuters) - Northwest European gasoline refinery profit margins fell by $3.37 to $2.46 a barrel on Thursday as rising crude prices weighed.
About 6,000 metric tons of E5 gasoline barges traded in the Argus window, with ExxonMobil and Sahara selling to Trafigura and MB Energy.
Another 6,000 tons of E10 gasoline barges traded in the Argus window, as Trafigura sold to Varo.
Total oil product stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by about 2% on the week, data from Dutch consultancy Insights Global showed on Thursday.
Stocks stood at 5.77 million tons, the data showed.
Gasoline stocks fell by 2.7% to 1.36 million tons as exports slowed, Insights Global's Rick Veringmeier said.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA)
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$940 |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$936.75 (6KT) |
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$856.25 (4KT) |
Sahara, Exxon |
Trafigura, MB Energy |
Ebob Barges E10 Argus (fob ARA) |
$943 (6KT) |
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$873 (14KT) |
Trafigura |
Varo |
April swap (fob ARA) |
$952 |
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$896.75 |
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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) |
$2.46 |
Prev. $5.83 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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