Europe Gasoline/Naphtha-Gasoline refining margins rise

Reuters01-13
Europe Gasoline/Naphtha-Gasoline refining margins rise

LONDON, Jan 12 (Reuters) - Northwest European gasoline refinery profit margins rose by $1.05 on Monday to $9.95 a barrel.

  • About 14,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Gunvor, Exxon Mobil and Trafigura sold to BP and Aramco.

  • No Eurobob E10 gasoline barges traded on the day.

  • Indonesia's energy minister Bahlil Lahadalia said the $7.4 billion upgrade of Pertamina's Balikpapan refinery would allow it to produce 5.8 million kilolitres of gasoline per year, which would help reduce Indonesia's total gasoline imports to 19 million kilolitres, from the previous rate of around 24 million kilolitres.

  • Meanwhile, EU-27 and UK gasoline exports to other regions have averaged 405,000 barrels per day in January so far, compared to 809,000 bpd across the full month of December.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

EUROBOB-ARA

$615

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$612.75 (14KT)

$606.75 (14KT)

Gunvor, Exxon Mobil, Trafigura

BP, Aramco Trading

Ebob Barges E10 Argus (fob ARA)

$616.50 (3KT assessed)

$604.25 (7KT)

Feb. swap (fob ARA)

$624.75

$623.75

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Jan $-4.00

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$9.95

Prev. $8.90

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

(Reporting by Seher Dareen; Editing by Tasim Zahid)

((seher.dareen@thomsonreuters.com))

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