Europe Gasoline/Naphtha-Gasoline margins firm as exports recover

Reuters
2024-12-03

LONDON, Dec 2 (Reuters) - Northwest European gasoline refining profits rose by about 66 cents to $6.40 a barrel on Monday, supported by a rise in export activity.

* About 10,000 metric ton of Eurobob E10 traded in the Argus window as Shell sold to Varo, BP, and TotalEnergies.

* Another 4,000 tons of Eurobob E5 barges traded, with Shell selling to ExxonMobil and Mabanaft.

* EU and UK gasoline exports reached 1.08 million barrels per day (bpd) in November, up 30% from October levels and their highest since August, Kpler data showed.

* Exports to West Africa reached 340,000 bpd, up from 243,000 bpd in October, the data showed.

* Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp $(ARA)$ refining and storage hub fell by 8.5% in the week to Nov. 28, data from Dutch consultancy Insights Global showed.

Trade Bid Offer Prev. Seller Buyer

Ebob

Barges MOC

Platts E5

(fob ARA)

<EUROBOB-A

RA>

Ebob

Barges E10

Platts

(fob ARA)

Ebob $659 on $662.2 Shell, Exxon,

Barges 4KT 5 Musket Mabana

Argus E5 (16KT) ft

(fob AR)

Ebob $660.50 $668.2 Shell Varo,

Barges E10 on 10KT 5 on BP,

Argus (fob 3KT Total

AR) (1KT

assess

ed)

Jan swap $653 $662.7

(fob ARA) 5

(Dec.)

Premium

Unleaded

(fob ARA)

<PU-10PP-A

RA>

Cargoes

(fob MED)

Cargoes

(cif NWE)

Naphtha Dec

(cif NWE) -$4

<NAF-C-NWE

>

Ebob crack (per barrel) $6.40 Prev. $5.74

Brent futures

Rbob

Rbob crack

(Reporting by Ahmad Ghaddar, Editing by Louise Heavens and Shreya Biswas)

((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))

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