LONDON, April 8 (Reuters) - Northwest European gasoline refinery profit margins rose $1.09 on Wednesday to about $16.76 a barrel on lower stocks in the U.S.
A total of 26,000 metric tons of E5 gasoline barges traded in the Argus window, with BP, Exxon, Shell and Equinor selling to TotalEnergies and MB Energy.
An additional 6,000 tons of E10 gasoline barges traded in the session, with Exxon selling to Shell and BP.
U.S. gasoline stocks dropped by 1.6 million barrels in the week ending April 3, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel draw. EIA/S
India's cabinet approved an 84% increase in the project costs of HPCL Rajasthan Refinery Ltd (HRRL) to 794.59 billion rupees ($8.60 billion).
Ukraine imported record volumes of fuel in March despite market turbulence caused by the Iran War and will maintain the pace of imports in April, Prime Minister Yulia Svyrydenko said on Wednesday, urging traders to lower prices.
Japanese oil refineries cut utilisation rates to 67.7% of designed capacity in the week to April 4 from 72.5% a week earlier, Petroleum Association of Japan data showed.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) | $960.00 | BP | Trafigura | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $949.00-$950.50 (26KT) | $1,049.50 (23.25KT) | BP, Exxon, Shell, Equinor | TOTSA, MB Energy | ||
Ebob Barges E10 Argus (fob ARA) | $934.00-$945.50 (6KT) | $1,049.25 (13KT) | Exxon | BP, Shell | ||
May swap | $936.50 | $1,029.25 | ||||
Premium Unleaded (fob ARA) | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NEW) | ||||||
Naphtha (cif NEW) |
Ebob crack (per barrel) | $16.76 | Prev. $15.67 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | ||
(Reporting by Seher Dareen in London; Editing by Tasim Zahid)
((seher.dareen@thomsonreuters.com))
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