LONDON, Jan 29 (Reuters) - Northwest European gasoline refinery profit margins fell by 68 cents a barrel to $6.29 on Thursday as underlying crude prices rose sharply.
About 6,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, with Exxon Mobil and Equinor selling to BP.
Shell sold a 2,000 ton barge of Eurobob E10 gasoline to BP.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp $(ARA)$ refining and storage hub fell by 6.4% on the week, data from Dutch consultancy Insights Global showed on Thursday.
Stocks of the motor fuel stood at 1.29 million tons and declined owing to rising exports on the transatlantic route and to the Middle East, Insights Global's Lars van Wageningen said.
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ended January 23, the Energy Information Administration said on Wednesday, with gasoline stocks rising 200,000 barrels compared with analysts' expectations in a Reuters poll for a 1 million-barrel build. EIA/S
Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 836,000 barrels per day so far in January, against 812,000 bpd over the whole of December.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | ||||||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $645.25 (6KT) | $629.50-$630.25 (14KT) | Equinor, Exxon Mobil | BP | ||
Ebob Barges E10 Argus (fob ARA) | $646.25 on 3KT (1KT assessed) | $631.50 (3.2KT) | Shell | BP | ||
Feb. swap (fob ARA) | $650 | $635.25 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $6.29 | Prev. $6.97 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Ahmad Ghaddar; Editing by Alan Barona)
((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))
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