Gasoline profit margins rise further
Northwest European gasoline profit margins climbed by 67 cents on Tuesday to $14.82 a barrel supported by firm summer demand.
A total of 9,000 metric tons of Eurobob E5 gasoline barges traded, as BP and Exxon Mobil sold to Gunvor, Aramco, Varo and BMV.
Shell and BP sold three barges of Eurobob E10 to Varo and TotalEnergies.
Eni offered a gasoline cargo for late July loading in Barcelona but failed to attract a buyer.
EU and UK gasoline and blending component exports to other regions averaged 679,000 barrels per day (bpd) in July so far, lower than the 923,000 bpd in June, Kpler data showed.
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) (EUROBOB-ARA) | $705.00 | BP | Varo | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob AR) | $700.75 (9KT) | $704.50-$707.00 (11.6KT) | BP, Exxon | Gunvor, Varo, Aramco, BMV | ||
Ebob Barges E10 Argus (fob AR) | $701.25-$705.75 (6KT) | $698.75-$713.25 (14KT) | Shell, BP | Varo, TotalEnergies | ||
August swap (fob ARA) | $699 | $694.00 | ||||
Premium Unleaded (fob ARA) (PU-10PP-ARA) | ||||||
Cargoes (fob MED) | July +$3 | |||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) (NAF-C-NWE) | COD +$1.50 |
