Picture of Glencore logo

GLEN — Glencore News Story

0.000.00%
gb flag iconLast trade - 00:00
Basic MaterialsAdventurousLarge CapNeutral

Europe Gasoline/Naphtha-Gasoline refining margins edge lower

Europe Gasoline/Naphtha-Gasoline refining margins edge lower

- Northwest European gasoline refining margins edged $2 lower to about $41.40 a barrel on Tuesday, as Brent prices crept back over $100 a barrel.

  • Varo sold 8,000 metric tons gasoline E5 barges to TOTSA in the session, while no E10 barges were traded

  • Gunvor sold an E5 barge to Trafigura in the Platts window

  • Brent crude futures LCOc1 fell over $3 a barrel but pared losses to trade at $100.20 a barrel at 1657 GMT amid supply worries after the Houthis fired a ballistic missile at Saudi Arabia O/R

  • The energy system is more fragile than earlier in the US-Israeli war against Iran and the oil price floor keeps rising gradually, Chevron CEO Mike Wirth said on Tuesday, as buffers for oil and fuel supply thin

  • US crude stockpiles were expected to have increased last week while product inventories are likely to have declined, a preliminary Reuters poll showed EIA/S

  • The US EIA forecasts a 30% increase in heating oil prices, which would be offset by milder Northeast weather

  • Meanwhile, India's fuel consumption in September rose 3.9% from the previous month, with 7.9% more gasoline sales from a year earlier.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

$1224

$1236

Gunvor

Trafigura

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$1203 -

$1203.50 (8KT)

$1204.50 (22KT)

Varo

Totsa

Ebob Barges E10 Argus (fob ARA)

$1198.25 (3KT assessed)

$1187.25 (8KT)

November swap

$1047.75

$1077.50

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$41.42

Prev. $43.54

Brent futures

LCOc1

Rbob

RBc1

Rbob crack


(Reporting by Seher Dareen; Editing by Joyjeet Das)

((seher.dareen@thomsonreuters.com))

Recent news on Glencore

See all news