Europe Gasoline/Naphtha-Margins steady as Red Sea concerns ease

Frontline

27/12/2023 17:08

LONDON, Dec 27 (Reuters) - Northwest European gasoline
refining margins were little changed at $7 a barrel on Wednesday
amid thin trading and easing concerns over supply disruptions in
the Red Sea.
    * A total of 12,000 metric tons of Eurobob E5 barges traded,
up
from 8,000 tons the previous session. Shell and Varo sold to
Trafigura. 
    * Eurobob E10 traded 12,000 tons, compared with 10,000 tons,
as
Exxon and Shell sold barges to Total and Varo.
    * France's CMA is increasing the number of vessels
travelling
through the Suez Canal, it said on Tuesday, joining Maersk in
returning to the area after U.S.-led efforts to prevent attacks.
    * The disruption to shipping has not had any significant
impact on
European gasoline markets, traders said.


            Trades   Bids     Offers   Prev.    Sellers  Buyers
            (vol.)                     Trades            
 Ebob                                                    
 Barges                                                  
 MOC                                                     
 Platts E5                                               
 (fob ARA)                                               
                                                     
 Ebob                                                    
 Barges                                                  
 E10                                                     
 Platts(fo                                               
 b ARA)                                                  
 Ebob       $737-$7                    $734.50  Varo,    Trafigu
 Barges     39.50                      (8KT)    Shell    ra
 Argus                                                   
 E5(fob                                                  
 AR)                                                     
 Ebob       $733-$7                    $733.75  Exxon,   Total,
 Barges     47                         (10KT)   Shell    Varo
 E10 Argus                                               
 (fob AR)                                                
 Jan. swap  $745                       $738.75           
 fob ARA                                                 
 Premium    $817                       $805     Total    Trafigu
 Unleaded                                                ra
 (fob ARA)                                               
                                                     
 Cargoes             Jan +$1                             
 (fob MED)           (fob                                
                     Barcelo                             
                     na);                                
                     Jan +$8                             
                     (fob                                
                     Tangier                             
                     )                                   
 Cargoes    $812                                Gunvor   Vitol
 (cif NEW)  (cif                                         
            Thames)                                      
 Naphtha             Jan +$4  Jan +$8                    
 (cif NEW)                                               
                                                       
 
     
 Ebob crack (per barrel)   $7.07          Prev. $7.01
 Brent futures              LCOc1 
 Rbob                       RBc1 
 Rbob crack                 RBc1-CLc1 
 
 (Reporting by Ron Bousso; Editing by Emelia Sithole-Matarise)
 ((Ron Bousso
email: ron.bousso@thomsonreuters.com
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Tel.: +44 (0)207 542 2161
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