Europe Gasoline/Naphtha-Gasoline margins steady
LONDON, April 11 (Reuters) - Northwest European gasoline refining profit margins were steady on Friday.
A total of 3,800 metric tons of Eurobob E5 traded, with BP and Trafigura selling to Litasco and Trafigura.
Another 8,000 tons of Eurobob E10 traded as Glencore bought from Litasco, Trafigura and Shell.
Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell 2.3% to 1.43 million tons this week, Insight Global said.
| 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) | $632 (3.8KT) | $628.50 (8KT) | BP, Trafigura | Litasco, Mabanaft | ||
Ebob Barges E10 Argus (fob AR) | $629.25 (8KT) | $622.75 (10KT) | Litasco, Trafigura, Shell | Glencore | ||
May swap (fob ARA) | $628 | $625.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $11.36 | Prev. $11.49 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Related Articles
VIX Off Its Highs — Is a U.S. Market Rebound Taking Shape?
TradingKey - The Cboe Volatility Index (VIX), widely regarded as Wall Street’s "fear gauge," has dropped sharply after briefly surging above 50 last week. It has since pulled back to the 30 range.
[Reuters Analysis] Markets see door wide open for more ECB rate cuts on tariff hit
LONDON, April 17 (Reuters) - Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy.
What Are Zero-Day Expiration(0DTE) Options? How Do They Affect U.S. Stock Market Volatility Including VIX Index?
TradingKey - In recent years, whenever the U.S. stock market experiences sharp volatility, it not only sees a rise in the VIX Index but also a surge in trading of zero-day-to-expiration options (0DTE). These instruments have frequently been blamed by media outlets for exacerbating market swings.
The Fed’s Balancing Act: Why Rate Cuts May Be Off the Table Despite Easing CPI
TradingKey - The March CPI report brought what looked like a victory: headline inflation cooled to 2.4% annual, and core CPI, which omits food and fuel, dropped to 2.8%, its lowest since this time last year.
[Reuters Breakingviews] Trump kicks all of Asia into the China tariff boat
HONG KONG, April 3 (Reuters Breakingviews) - Donald Trump’s second trade war is a battle of one against all. Reciprocal tariffs announced on Wednesday by the White House hit China with a hike of 34 percentage points, taking the fresh levies on exports from the People’s Republic up 5...