LONDON, Feb 25 (Reuters) - Northwest European gasoline refinery profit margins fell by $1.32 to about $8.32 a barrel on Thursday after a rise in gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp $(ARA)$ refining and storage hub.
About 14,000 metric tons of E5 gasoline barges traded in the Argus window, with Shell, Exxon Mobil and Gunvor selling to Varo and MB Energy.
A further 4,000 tons of E10 gasoline barges changed hands, with Trafigura selling to Varo.
Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by about 4.2% on the week, data from Dutch consultancy Insights Global showed on Thursday. The stocks, which include diesel, rose to 2.23 million metric tons, the highest level since November, on rising imports from the United States and Middle East, Insights Global's Lars van Wageningen said, adding that high prices were potentially limiting demand.
EU-27 and UK gasoline and blending component exports to other regions have averaged 841,000 barrels per day so far in February, against 880,000 bpd in January.
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) | $677.50 (14KT) | $676.25 (6KT) | Shell, Exxon Mobil, Gunvor | Varo, MB Energy | ||
Ebob Barges E10 Argus (fob ARA) | $673.00 (4KT) | $675.00-$679.50 (8KT) | Trafigura | Varo | ||
Mar. swap (fob ARA) | $686.75 | $681.00 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $8.32 | Prev. $9.64 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Stephanie KellyEditing by David Goodman)
((Stephanie.Kelly@tr.com))
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