LONDON, July 17 (Reuters) - Northwest European gasoline profit margins fell by $1.36 a barrel on Thursday as inventories of the motor fuel rose on both sides of the Atlantic.
A total of 8,000 metric tons of Eurobob E5 gasoline barges traded, with BP, Trafigura and Exxon Mobil selling to TotalEnergies, Shell and Glencore.
An additional 10,000 tons of Eurobob E10 barges traded with TotalEnergies, Sahara and BP selling to Varo.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp $(ARA)$ refining hub rose 5.5% to 1.2 million tons on the week, data from Dutch consultancy Insights Global showed on Thursday.
U.S. gasoline inventories rose in the week ended July 11, the Energy Information Administration said in its weekly report, prompting some concerns about fuel demand.
Gasoline stocks rose by 3.4 million barrels compared to expectations in a Reuters poll for a 1 million barrel draw.
EU and UK gasoline and blending component exports to other regions averaged 844,000 barrels per day (bpd) in July so far, lower than the 925,000 bpd in June, Kpler data showed.
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) | $696 (8KT) | $696.75-$698.75 (8KT) | Trafigura, BP, Exxon | Glencore, Shell, TotalEnergies | ||
Ebob Barges E10 Argus (fob AR) | $697 (10KT) | $689.00-$698.25 (8KT) | TotalEnergies, Sahara, BP | Varo | ||
August swap (fob ARA) | $695 | $686.50 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE | +$2 with COD+$5 |
Ebob crack (per barrel) | $13.36 | Prev. $14.72 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Ahmad Ghaddar; Editing by Sahal Muhammed)
((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))
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