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 $802Barges 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 5ARA)
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
- Forums
- Commodities
- News: Europe Gasoline/Naphtha-Gasoline margins jump on rising exports