Europe Gasoline/Naphtha-Gasoline margins rise on lower crude price

Reuters

21 Jan

LONDON, Jan 20 (Reuters) - Northwest European gasoline refining profit margins rose by about $1.40 to $6.32 a barrel, lifted by weaker underlying crude prices, but high inventories limited gains.

* BP sold an Eurobob E5 barge to Gunvor during the Argus trading window.

* A further 7,000 tons of E10 gasoline were traded, which Shell and TotalEnergies sold to Varo and BP.

* In the Platts window, Vitol bid for a cargo in the Mediterranean while Trafigura offered a cargo.

* Traders said demand for transatlantic cargoes was giving gasoline refining margins some support despite high inventories.

* EU and UK gasoline exports are on track to reach 774,000 barrels per day this month, Kpler data showed, compared with 951,000 bpd in December.

Trade Bid Offer Prev. Seller Buyer

Ebob Barges

MOC Platts

E5

(fob ARA)

<EUROBOB-AR

A>

Ebob Barges

E10 Platts

(fob ARA)

Ebob Barges $724.75 $724.25 BP Gunvor

Argus E5 (2KT) (2KT)

(fob AR)

Ebob Barges $719.50 $722.75 Shell, Varo,

E10 Argus (7KT) (10KT) TotalEn BP

(fob AR) ergies

Feb. swap $727.25 $730.75

(fob ARA)

Premium $732

Unleaded

(fob ARA)

<PU-10PP-AR

A>

Cargoes Feb Feb Feb flat

(fob MED) -$2 flat

Cargoes

(cif NWE)

Naphtha Jan Jan

(cif NEW) -$2 flat

Ebob crack (per barrel) $6.32 Prev. $4.90

Brent futures

Rbob

Rbob crack

(Reporting by Ahmad Ghaddar Editing by Tomasz Janowski)

((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2505285235"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2505285235\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2505285235?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-21 01:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2505285235","market":"fut","top_or_hot":-1,"title":"Europe Gasoline/Naphtha-Gasoline margins rise on lower crude price","media":"Reuters","content":"<html><body><p>LONDON, Jan 20 (Reuters) - Northwest European gasoline refining profit margins rose by about $1.40 to $6.32 a barrel, lifted by weaker underlying crude prices, but high inventories limited gains.</p><p>   *         BP sold an Eurobob E5 barge to Gunvor during the Argus trading window.</p><p>   *         A further 7,000 tons of E10 gasoline were traded, which Shell and TotalEnergies sold to Varo and BP. </p><p>   * In the Platts window, Vitol bid for a cargo in the Mediterranean while Trafigura offered a cargo. </p><p>   * Traders said demand for transatlantic cargoes was giving gasoline refining margins some support despite high inventories. </p><p>   *         EU and UK gasoline exports are on track to reach 774,000 barrels per day this month, Kpler data showed, compared with 951,000 bpd in December. </p><p>              Trade     Bid     Offer   Prev.     Seller   Buyer</p><p>Ebob Barges                                               </p><p>MOC Platts                                                </p><p>E5                                                        </p><p>(fob ARA)                                                 </p><p>&lt;EUROBOB-AR                                               </p><p>A&gt;                                                        </p><p>Ebob Barges                                               </p><p>E10 Platts                                                </p><p>(fob ARA)                                                 </p><p>Ebob Barges  $724.75                   $724.25   BP       Gunvor</p><p>Argus E5     (2KT)                     (2KT)              </p><p>(fob AR)                                                  </p><p>Ebob Barges  $719.50                   $722.75   Shell,   Varo,</p><p>E10 Argus    (7KT)                     (10KT)    TotalEn  BP</p><p>(fob AR)                                         ergies   </p><p>Feb. swap    $727.25                   $730.75            </p><p>(fob ARA)                                                 </p><p>Premium                        $732                       </p><p>Unleaded                                                  </p><p>(fob ARA)                                                 </p><p>&lt;PU-10PP-AR                                               </p><p>A&gt;                                                        </p><p>Cargoes                Feb     Feb     Feb flat           </p><p>(fob MED)              -$2     flat                       </p><p>Cargoes                                                   </p><p>(cif NWE)                                                 </p><p>Naphtha                Jan     Jan                        </p><p>(cif NEW)              -$2     flat                       </p><p>Ebob crack (per barrel)   $6.32          Prev. $4.90</p><p>Brent futures               </p><p>Rbob                        </p><p>Rbob crack                  </p><p>(Reporting by Ahmad Ghaddar Editing by Tomasz Janowski)</p><p>((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Europe Gasoline/Naphtha-Gasoline margins rise on lower crude price</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEurope Gasoline/Naphtha-Gasoline margins rise on lower crude price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-21 01:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>LONDON, Jan 20 (Reuters) - Northwest European gasoline refining profit margins rose by about $1.40 to $6.32 a barrel, lifted by weaker underlying crude prices, but high inventories limited gains.</p><p>   *         BP sold an Eurobob E5 barge to Gunvor during the Argus trading window.</p><p>   *         A further 7,000 tons of E10 gasoline were traded, which Shell and TotalEnergies sold to Varo and BP. </p><p>   * In the Platts window, Vitol bid for a cargo in the Mediterranean while Trafigura offered a cargo. </p><p>   * Traders said demand for transatlantic cargoes was giving gasoline refining margins some support despite high inventories. </p><p>   *         EU and UK gasoline exports are on track to reach 774,000 barrels per day this month, Kpler data showed, compared with 951,000 bpd in December. </p><p>              Trade     Bid     Offer   Prev.     Seller   Buyer</p><p>Ebob Barges                                               </p><p>MOC Platts                                                </p><p>E5                                                        </p><p>(fob ARA)                                                 </p><p>&lt;EUROBOB-AR                                               </p><p>A&gt;                                                        </p><p>Ebob Barges                                               </p><p>E10 Platts                                                </p><p>(fob ARA)                                                 </p><p>Ebob Barges  $724.75                   $724.25   BP       Gunvor</p><p>Argus E5     (2KT)                     (2KT)              </p><p>(fob AR)                                                  </p><p>Ebob Barges  $719.50                   $722.75   Shell,   Varo,</p><p>E10 Argus    (7KT)                     (10KT)    TotalEn  BP</p><p>(fob AR)                                         ergies   </p><p>Feb. swap    $727.25                   $730.75            </p><p>(fob ARA)                                                 </p><p>Premium                        $732                       </p><p>Unleaded                                                  </p><p>(fob ARA)                                                 </p><p>&lt;PU-10PP-AR                                               </p><p>A&gt;                                                        </p><p>Cargoes                Feb     Feb     Feb flat           </p><p>(fob MED)              -$2     flat                       </p><p>Cargoes                                                   </p><p>(cif NWE)                                                 </p><p>Naphtha                Jan     Jan                        </p><p>(cif NEW)              -$2     flat                       </p><p>Ebob crack (per barrel)   $6.32          Prev. $4.90</p><p>Brent futures               </p><p>Rbob                        </p><p>Rbob crack                  </p><p>(Reporting by Ahmad Ghaddar Editing by Tomasz Janowski)</p><p>((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DWT","symbol_name":"三倍做空原油ETN","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2505285235","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505285235","pubTimestamp":1737395076,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"LONDON, Jan 20 (Reuters) - Northwest European gasoline refining profit margins rose by about $1.40 to $6.32 a barrel, lifted by weaker underlying crude prices, but high inventories limited gains.   * ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DWT":"三倍做空原油ETN","DUG":"二倍做空石油与天然气ETF(ProShares)","DDG":"ProShares做空石油与天然气ETF","USO":"美国原油ETF","SCO":"二倍做空彭博原油指数ETF","UCO":"二倍做多彭博原油ETF"},"translate_title":"欧洲汽油/石脑油-汽油利润率因原油价格下跌而上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DDG":0.6,"DUG":0.6,"DWT":0.6,"BZmain":0.6,"CLmain":0.9,"QMmain":0.9,"RBmain":0.9,"SCO":0.6,"UCO":0.6,"USO":0.6},"content_text":"LONDON, Jan 20 (Reuters) - Northwest European gasoline refining profit margins rose by about $1.40 to $6.32 a barrel, lifted by weaker underlying crude prices, but high inventories limited gains.   *         BP sold an Eurobob E5 barge to Gunvor during the Argus trading window.   *         A further 7,000 tons of E10 gasoline were traded, which Shell and TotalEnergies sold to Varo and BP.    * In the Platts window, Vitol bid for a cargo in the Mediterranean while Trafigura offered a cargo.    * Traders said demand for transatlantic cargoes was giving gasoline refining margins some support despite high inventories.    *         EU and UK gasoline exports are on track to reach 774,000 barrels per day this month, Kpler data showed, compared with 951,000 bpd in December.               Trade     Bid     Offer   Prev.     Seller   BuyerEbob Barges                                               MOC Platts                                                E5                                                        (fob ARA)                                                 <EUROBOB-AR                                               A>                                                        Ebob Barges                                               E10 Platts                                                (fob ARA)                                                 Ebob Barges  $724.75                   $724.25   BP       GunvorArgus E5     (2KT)                     (2KT)              (fob AR)                                                  Ebob Barges  $719.50                   $722.75   Shell,   Varo,E10 Argus    (7KT)                     (10KT)    TotalEn  BP(fob AR)                                         ergies   Feb. swap    $727.25                   $730.75            (fob ARA)                                                 Premium                        $732                       Unleaded                                                  (fob ARA)                                                 <PU-10PP-AR                                               A>                                                        Cargoes                Feb     Feb     Feb flat           (fob MED)              -$2     flat                       Cargoes                                                   (cif NWE)                                                 Naphtha                Jan     Jan                        (cif NEW)              -$2     flat                       Ebob crack (per barrel)   $6.32          Prev. $4.90Brent futures               Rbob                        Rbob crack                  (Reporting by Ahmad Ghaddar Editing by Tomasz Janowski)((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}