Europe Gasoline/Naphtha-Gasoline refining margins rise

Glencore

01/10/2026 19:04

LONDON, Oct 1 (Reuters) - Northwest European gasoline refining margins rose by over $4 to $47.6 a barrel on Thursday after Chinese refiners suspended oil product exports for the month, sources familiar with the matter told Reuters.
A total of 10,000 metric tons of gasoline E5 barges traded, with ExxonMobil, Glencore and Trafigura selling to TotalEnergies and MB Energy.
Chinese refiners have suspended oil product exports for October, four people briefed on the matter said, as Beijing looks to preserve domestic stocks, a move that will further crimp war-constrained fuel markets.
State oil major PetroChina cancelled a handful of gasoline and jet fuel shipments that were planned for October, three of the sources said, adding it had committed to most of these in the past two weeks.
Asia's gasoline margin rose to a record high as various outages at regional refineries and reports that Chinese refiners have halted fuel exports for October tightened the supply outlook, traders said.
Meanwhile gasoline inventories were down around 12.5% from a year earlier at 890,000 tons in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub. ARA/ 
     
 
Trade
Bid
Offer
Prev.
Seller
Buyer
Ebob Barges MOC Platts E5
(fob ARA)
 
 
 
 
 
Ebob Barges E10 Platts (fob ARA)
 
Ebob Barges Argus E5 (fob ARA)
$1225.50-$1243.50 (10KT)
$1232.75 (10KT)
Exxon, Glencore, Trafigura
TotalEnergies, MB Energy
Ebob Barges E10 Argus (fob ARA)
$1203.00 (3KT assessed)
$1205 (assessed)
 
 
November swap 
$1098.25 
$1172.25 (Oct)
Premium Unleaded (fob ARA)
 
Cargoes
(fob MED)
 
Cargoes (cif NWE)
 
Naphtha
(cif NWE)
 
 
     
Ebob crack (per barrel)
$47.6
Prev. $43.23
Brent futures
LCOc1
Rbob
RBc1
Rbob crack
 

 (Reporting by Seher Dareen; Editing by David Gregorio)
 ((seher.dareen@thomsonreuters.com))