News: Europe Gasoline/Naphtha-Gasoline margins rise on US inventory drop

  1. 192,746 Posts.
    lightbulb Created with Sketch. 2815

    LONDON, Aug 14 (Reuters) - Northwest European gasoline refining margins rose slightly to about $13.40 a barrel on Wednesday, as trading activity picked up and as U.S. inventories of the motor fuel fell by more than expected.

    • Around 13,000 metric tons of Eurobob E10 barges traded on barges in the Argus window on Wednesday, with Gunvor, Sahara and Trafigura selling to Mabanaft, Musket, Vanraak, Varo, Equinor.
    • A further 6,700 tons of Eurobob E5 barges traded after Trafigura and Petroineos sold to BP, ExxonMobil and Mabanaft.
    • U.S. gasoline stocks USOILG=ECI fell by 2.9 million barrels last week to 222.2 million barrels, the Energy Information Administration said, more than double the expectations for a 1.3 million-barrel draw. Gasoline inventories are now at their lowest since November.
    • EU and UK gasoline exports have reached 782,000 barrels per day so far this month, down from 1.22 million bpd in July.
    			Trade	 Bid	  Offer	Prev.	Seller   Buyer 
     Ebob	   $786								 Gunvor   Varo 
     Barges	 (one										   
    

    MOC barge) Platts E5 (fob ARA) Ebob Barges E10 Platts(fo b ARA)

     Ebob	   $786.75					 $792 (4  Trafigu  BP, 
     Barges	 (6.7KT)					 KT)	  ra,	  ExxonM 
     Argus										   Petroin  obil, 
    
     E5(fob										  eos	  Mabana 
     AR)													  ft 
    
     Ebob	   $786.75					 $791.00  Gunvor,  Mabana 
     Barges	 (13KT)					  on 3KT   Sahara,  ft, 
     E10 Argus							  (assess  Trafigu  Musket 
    
     (fob AR)							   ed)	  ra	   , 
    														  Vanraa 
    														  k, 
    														  Varo, 
    														  Equino 
    														  r 
     Sept swap							  $787.50			
    

    (fob ARA) $775.50

     Premium	$804						$815 (2  Musket   Trafig 
     Unleaded   (one						barges)		   ura 
     (fob ARA)  barge)										 
    

    Cargoes (fob MED) Cargoes (cif NW E) Naphtha (cif NW E)

    Ebob crack (per barrel) $13.40 Prev. $13.28 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1

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