Europe Gasoline/Naphtha-Gasoline refining margins slip
LONDON, May 6 (Reuters) - Northwest European gasoline refinery profit margins fell by about $1 on Wednesday despite a drop in U.S. inventories on signs of progress in US-Iran peace talks which could pave the way for improved shipping activity in the Gulf.
A total of 34,000 metric tons of E5 gasoline barges traded in the Argus window as BP, Shell, Equinor and Trafigura sold to TotalEnergies and Exxon Mobil.
An additional 24,000 tons of E10 gasoline barges changed hands, with Shell and Gunvor selling to Varo, Exxon and Trafigura.
U.S. gasoline stocks USOILG=ECI fell by 2.5 million barrels last week to 219.8 million barrels, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel draw.
U.S. exports of petroleum products rose by 483,000 barrels per day (bpd) to a record 8.224 million bpd in the week ended May 1, the EIA said.
Russian oil company Rosneft ROSN.MM has filed another lawsuit with a local German court against the trusteeship of its German subsidiaries, which are majority owners in the PCK Schwedt refinery, Politico news outlet reported on Wednesday.
India's Reliance Industries RELI.NS will shut some units at its 660,000 bpd refinery for 3-4 weeks for maintenance after Nayara Energy resumes operations later this month, a senior petroleum ministry official said on Wednesday.
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Seller |
Buyer |
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) |
$1079.50 (34KT) |
$1160.75 (30KT) |
BP, Shell, Equinor, Trafigura |
TOTSA, Exxon |
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Ebob Barges E10 Argus (fob ARA) |
$1079 (24KT) |
$1155.75 (18KT) |
Shell, Gunvor |
Exxon, Varo, Trafigura, BP |
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June swap |
$1061.75 |
$1121 |
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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) |
$26.61 |
Prev. $27.68 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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