LONDON, March 5 (Reuters) - Northwest European gasoline refinery profit margins edged slightly higher to about $8.19 a barrel on Thursday, as the U.S.-Israeli war with Iran continued to disrupt oil production and shipping in the Middle East.
About 7,200 metric tons of E5 gasoline barges traded in the Argus window, with ExxonMobil selling to TotalEnergies and MB Energy.
A further 12,000 tons of E10 gasoline barges changed hands, as BP and Phillips 66 sold to Varo.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp $(ARA)$ refining and storage hub rose by about 6% on the week, data from Dutch consultancy Insights Global showed on Thursday.
Gasoline stocks stood at 1.4 million metric tons.
U.S. gasoline stocks USOILG=ECI fell by 1.7 million barrels last week to 253.1 million barrels, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 784,000-barrel draw.
Several refineries in the Middle East, including in Kuwait, Qatar and Bahrain, were experiencing shutdowns as a result of the conflict in the region. REF/OUT
Trade | Bid | Offer | Prev. | Seller | Buyer | |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA | $818 | Trafigura | Varo | |||
Ebob Barges E10 Platts (fob ARA) | ||||||
Ebob Barges Argus E5 (fob ARA) | $780.75 (7.2KT) | $752.75 (16KT) | Exxon Mobil | MB Energy, TotalEnergies | ||
Ebob Barges E10 Argus (fob ARA) | $796.75 (12KT) | $773.25 (8KT) | Phillips66, BP | Varo | ||
April swap (fob ARA) | $830.75 | $782.75 | ||||
Premium Unleaded (fob ARA) PU-10PP-ARA | ||||||
Cargoes (fob MED) | ||||||
Cargoes (cif NWE) | ||||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) | $8.19 | Prev. $7.93 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Ahmad Ghaddar; Editing by Vijay Kishore)
((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))