LONDON, April 9 (Reuters) - Northwest European gasoline refining margins rose slightly on Tuesday to about $20.45 a barrel buoyed by rising trading liquidity.
A total of 8,000 metric tons of Eurobob E10 traded on Tuesday, with Phillips66 selling to ExxonMobil and TotalEnergies.
A further 4,000 tons of Eurobob E5 barges were traded.
Nigeria's state oil company NNPC owes around $3 billion to fuel traders for imported petrol, three sources told Reuters, as the tumbling naira currency and rising global fuel prices have increased the effective subsidy it is paying.
Russia's energy ministry said on Tuesday it has not asked Kazakhstan to set up a reserve of gasoline for possible supplies to Russia, denying a Reuters report.
Total gasoline exports from Northwest Europe and the West Mediterranean reached 2.33 million tons in March, down from 2.6 million tons in February, despite rises to major outlets in the U.S. and West Africa, according to LSEG data.
Trade Bid Offer Prev. Buyer Seller EbobBarges MOC Platts E5 (fob ARA)
Ebob Barges E10 Platts(fo b ARA) Ebob $926.2 $927.75 BP, Varo, Barges 5 (2KT) Varo Litasco Argus (4KT)E5(fob AR)
Ebob $923.7 $923.50 P66 ExxonMo Barges 5 (8 (2KT + bil, E10 Argus KT) 1KT TotalEn (fob AR) assesse ergies d) May swap $919 $918.75(fob ARA) Premium Unleaded (fob ARA)
Cargoes May +$4 (fob MED) Cargoes (cif NWE) Naphtha April April (cif NWE) +$7 flatE>
Ebob crack (per barrel) $20.45 Prev. $20.26 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
- Forums
- Commodities
- News: Europe Gasoline/Naphtha-Gasoline cracks climb as trading picks up