Europe Gasoline/Naphtha-Gasoline profit margins rise

Reuters
Aug 16
Europe Gasoline/Naphtha-Gasoline profit margins rise

LONDON, Aug 15 (Reuters) - Northwest European gasoline profit margins rose 80 cents to $16.58 a barrel on Friday.

  • A total of 12,000 metric tons of Eurobob E5 barges traded in the session, with Gunvor and Exxon selling to TotalEnergies and Trafigura.

  • No E10 barges traded on the day.

  • Phillips 66 PSX.N on Thursday said it had reduced gasoline output at its 258,000 barrels-per-day Bayway refinery in Linden, New Jersey, after a fire near the plant's gasoline producing unit, two people familiar said.

  • Meanwhile Shell SHEL.L said that a planned overhaul on the gasoline-producing unit at its 231,827 barrel-per-day Norco, Louisiana, refinery would begin on Friday.

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)

$692.75-$696.50 (12KT)

$689.50-$690 (12KT)

Gunvor, Exxon

TotalEnergies, Trafigura

Ebob Barges E10 Argus (fob AR)

$691.25 (3KT assessed)

$687.75 (4KT)

Sept. swap (fob ARA)

$679.50

$681.00

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Aug balmo +$12

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

+$1 with 15-31 Aug pricing

Ebob crack (per barrel)

$16.57

Prev. $15.78

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

(Reporting by Seher Dareen in London; Editing by Tasim Zahid)

((Seher.Dareen@thomsonreuters.com; +44-7771341740;))

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