News: Europe Gasoline/Naphtha-Gasoline margins jump on rising exports

  1. 191,727 Posts.
    lightbulb Created with Sketch. 2809

    LONDON, July 29 (Reuters) - Northwest European gasoline refining margins rose sharply by about $2 a barrel on Monday to $15.40 a barrel on the back of weakening crude prices and higher exports.

    • Shell, Varo and Gunvor sold four Eurobob E10 gasoline barges to BP and Mabanaft.
    • No E5 barges traded.
    • EU and UK gasoline and gasoline component exports have reached about 1.33 million barrels per day so far this month, up from 1.14 million bpd in June, according to Kpler data.

    • Nigeria's major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.

    • The Czech unit of Orlen PKN.WA said on Monday it was facing a force majeure event after an outage of a cooling water system led to the shutdown of its ethylene unit at its Litvnov plant.

    • Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official

      said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

    			Trade	 Bid	  Offer	Prev.	Buyer	Seller 
     Ebob				 $802								 
    

    Barges MOC Platts E5 (fob ARA) Ebob Barges E10 Platts(fo b ARA) Ebob $811.50 Barges Argus E5(fob AR)

     Ebob	   $798.75					 $799,	Shell,   BP, 
     Barges	 (8KT)					   $814	 Varo,	Mabana 
     E10 Argus									   Gunvor   ft 
    

    (fob AR)

     August	 $796						 $798.7			
     swap (fob							  5				  
    

    ARA)

     Premium	$804-$80					$810	 Equinor  BP 
     Unleaded   6 (2								 ,		 
    

    (fob ARA) barges) Musket Cargoes (fob MED) Cargoes (cif NW E) Naphtha Aug +$2 Aug +$8 (cif NW E)

    Ebob crack (per barrel) $15.40 Prev. $13.45 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.