Europe Gasoline/Naphtha-Gasoline refining margins surge
Phillips 66 PSX | 0.00 | |
Exxonmobil Holdings Corporation XOM | 0.00 | |
Shell Plc Sponsored ADR SHEL | 0.00 |
LONDON, July 9 (Reuters) - Northwest European gasoline refining margins surged $8.15 on Thursday to near four-year highs at $40.88 a barrel on signs of lower supplies.
Trafigura and ATL sold about 18,000 tons of Eurobob E5 gasoline barges to Gunvor, Varo and MB Energy.
Russia's Saratov oil refinery stopped oil processing on Wednesday following damage from a drone attack, two sources with knowledge of the matter told Reuters.
Supplies of gasoline and diesel from Belarus to Russia hit a monthly record in June as Moscow seeks to ease fuel shortages triggered by Ukrainian strikes on Russian oil refineries, according to two industry sources and Reuters calculations.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub dropped 3.8% to 904,000 tons to their lowest since May 2024, with exports to South Africa and the United States, along with a rare trade to Brazil, data from Dutch consultancy Insights Global showed.
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Trade |
Bid |
Offer |
Prev. |
Seller |
Buyer |
Ebob Barges MOC Platts E5 (fob ARA) |
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$982 |
$975 |
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Ebob Barges E10 Platts (fob ARA) |
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Ebob Barges Argus E5 (fob ARA) |
$976.75 (18KT) |
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$985 (2KT) |
Trafigura, ATL |
Gunvor, Varo, MB Energy |
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Ebob Barges E10 Argus (fob ARA) |
$995.75 (3KT) (assessment) |
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$1004 (4KT) |
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August swap |
$906.50 |
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Premium Unleaded (fob ARA) |
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Cargoes (fob MED) |
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August +$72 |
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Cargoes (cif NWE) |
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Naphtha (cif NWE) |
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Ebob crack (per barrel) |
$40.88 |
Prev. $32.73 |
Brent futures |
LCOc1 |
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Rbob |
RBc1 |
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Rbob crack |
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