Europe Gasoline/Naphtha-Gasoline margins rebound as ARA stocks fall
LONDON, April 10 (Reuters) - Northwest European gasoline refining profit margins rose by more than $4 a barrel on Thursday to $12.12 as gasoline inventories in northwest Europe fell.
A total of 8,000 metric tons of Eurobob E5 traded, with BP and Trafigura selling to Litasco, Musket and Trafigura.
Another 10,000 tons of Eurobob E10 traded as Varo, ExxonMobil and Vitol bought from Trafigura and Gunvor.
Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell 2.3% to 1.43 million tons on higher transatlantic exports, Insight Global's Lars van Wageningen said.
EU and UK gasoline and blending component exports to other regions are expected to reach 700,000 bpd in April, down from 815,000 bpd in March, Kpler data shows.
| 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) | $628.50 (8KT) | $613.25 (4KT) | BP, Trafigura | Musket, Litasco, Trafigura | ||
Ebob Barges E10 Argus (fob AR) | $622.75 (10KT) | $608.25 (10Kt) | Gunvor, Trafigura | Varo, ExxonMobil, Vitol | ||
May swap (fob ARA) | $625.75 | $603 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | April +$4 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $12.12 | Prev. $7.53 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
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