Europe Gasoline/Naphtha-Gasoline refining margins edge lower
Europe Gasoline/Naphtha-Gasoline refining margins edge lower LONDON, Oct 6 (Reuters) - 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))
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