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Europe Gasoline/Naphtha-Gasoline refining margins hold steady

Europe Gasoline/Naphtha-Gasoline refining margins hold steady

- Northwest European gasoline refining margins were little changed at about $40.60 a barrel on Monday as trading activity picked up.

  • A total of 22,000 metric tons of gasoline E5 barges traded, with ExxonMobil, Glencore and Varo selling to Trafigura and TOTSA.

  • A further 8,000 tons of E10 barges traded, with ExxonMobil and Sahara selling to Varo.

  • Varo sold an E5 barge to Trafigura in the Platts window.

  • The squeeze on crude oil and refined fuels is set to tighten, and it could take up to two years to refill global stockpiles drawn on as an emergency measure, the chief executive of the world's biggest oil company Saudi Aramco 2222.SE said on Monday.

  • BP BP.L has adjusted its refineries to move focus from jet fuel to diesel production, Chief Executive Officer Meg O'Neill told the Energy Intelligence conference in London on Monday.

  • Ukraine will double down on attacking Russian oil refineries in response to a new policy of airstrikes by Moscow designed to force people to abandon Kyiv and other cities, but will not target civilians, President Volodymyr Zelenskiy said.


Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

$1236

Varo

Trafigura

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$1204.50 (22KT)

$1192.75 (2KT)

Exxon, Varo, Glencore

Trafigura, Totsa

Ebob Barges E10 Argus (fob ARA)

$1187.25 (8KT)

$1182.75 (3KT assessed)

Exxon, Sahara

Varo

November swap

$1077.50

$1072.75

Premium Unleaded (fob ARA)

Cargoes

(fob MED)



Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$40.62

Prev. $40.63

Brent futures

LCOc1

Rbob

RBc1

Rbob crack


(Reporting by Ahmad Ghaddar; Editing by Diti Pujara)

((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))

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