LONDON, Jan 6 (Reuters) - Northwest European gasoline refining profit margins edged up, while gasoline barge swap trading reflected expectations of higher prices in the coming months.
About 2,000 metric tons of Eurobob E5 barges traded, which BP sold to Vitol.
A further 6,000 metric tons of E10 traded. Shell sold barges to Varo.
In the Platts window, BP and Vitol sought Mediterranean gasoline cargoes, while Trafigura offered one. No trades were agreed.
Northwest European gasoline swaps remained in a contango structure, which typically incentivise storage on expectations of higher prices in the coming months.
EU-27 and UK gasoline exports reached 916,000 barrels per day in December, Kpler data showed, down from 1.2 million bpd in November.
EU-27 and UK gasoline exports to the U.S. dropped to 98,000 bpd in December, from 198,000 bpd in November, according to Kpler.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | ||||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $703 (2KT) | $703.25 on 4KT | BP | Vitol | ||
Ebob Barges E10 Argus (fob AR) | $704 (6KT) | $702.65 on 10KT | Shell | Varo | ||
Feb. swap (fob ARA) | $711.25 | $710.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | Fob Med - $2 | Fob Med + $3 | Jan +$0.75 | |||
Cargoes (cif NWE) |
| |||||
Naphtha (cif NWE) NAF-C-NWE | Jan + $3 |
Ebob crack (per barrel) | $7.36 | Prev. $7.22 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 |
(Reporting by Enes Tunagur; Editing by Vijay Kishore)
((Enes.Tunagur@thomsonreuters.com;))