Europe Gasoline/Naphtha-Gasoline margins rise as ARA stocks build
LONDON, Sept 19 (Reuters) -Northwest European gasoline refining margins rose by nearly $1 to about $10.92 a barrel on Thursday, but a rise in regional inventories limited gains.
About 8,500 tons of Eurobob E10 barges traded in the Argus window, which Shell, Petroineos and Sahara sold to TotalEnergies and Varo.
Another 14,000 tons of Eurobob E5 traded as Gunvor and Litasco sold to Trafigura and Exxon.
Independently held refined oil products stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 2.1% in the week to Thursday, data from Dutch consultancy Insights Global showed.
Total stocks stood at 6.29 million metric tons, up from 6.16 million tons the previous week.
Gasoline stocks rose by about 7.7% on the week to 989,000 tons as exports and blending activity slowed, Insights Global's Rick Veringmeier said.
Meanwhile, U.S. gasoline stocks USOILG=ECI rose by 100,000 barrels last week to 221.6 million barrels, the Energy Information Administration said, less than forecasts in a Reuters poll for a 200,000-barrel build.
EU and UK gasoline exports are projected to reach 880,000 barrels per day (bpd) this month, Kpler data showed, down from 1.16 million bpd in August.
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) | $722.25 (14KT) | $698.75 (6KT) | Gunvor, Litasco | Trafigura, Exxon | ||
Ebob Barges E10 Argus (fob AR) | $716.75 (8.5KT) | $693.75 (4KT) | Shell, Sahara, Petroineos | TotalEnergies, Varo | ||
Oct swap (fob ARA) | $696.25 | |||||
Premium Unleaded (fob ARA) PU-10PP-ARA | $719 | $735 | ||||
Cargoes (fob MED) | ||||||
Cargoes (cif NW E) | ||||||
Naphtha (cif NW E) NAF-C-NWE |
Ebob crack (per barrel) | $10.92 | Prev. $9.97 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
Reporting by Ahmad Ghaddar;Editing by Elaine Hardcastle
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