Europe Gasoline/Naphtha-Gasoline margins climb on lower stockpiles
Exxon Mobil Corporation XOM | 106.49 106.49 | +0.08% 0.00% Post |
Shell PLC SHEL | 61.36 61.36 | -0.13% 0.00% Post |
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S&P 500 index SPX | 6037.59 | -0.04% |
NASDAQ IXIC | 20020.36 | -0.05% |
LONDON, Nov 29 (Reuters) - Northwest European gasoline refining profits rose by about $1 on Friday to $5.80 a barrel as a sharp fall in regional inventories supported.
Shell sold a barge of Eurobob E10 traded in the Argus window to Trafigura.
Another 16,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Shell, ExxonMobil and Mabanaft.
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.
Gasoline stocks dropped to 1.14 million tons because of higher exports to Africa, Insight Global's Lars van Wageningen said.
US gasoline demand in September was 151,000 barrels per day (bpd), or 1.7%, from a year earlier at 8.994 mln bpd, Energy Information Administration data showed.
|
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 AR) |
$662.25 (16KT) |
$663.75 (15KT) |
Gunvor |
Shell, Exxon, Mabanaft |
||
Ebob Barges E10 Argus (fob AR) |
$668.25 on 3KT (1KT assessed) |
$674.50 (5KT) |
Shell |
Trafigura |
||
Dec swap (fob ARA) |
$662.75 |
$658.75 |
||||
Premium Unleaded (fob ARA) PU-10PP-ARA |
||||||
Cargoes (fob MED) |
|
|||||
Cargoes (cif NWE) |
|
|||||
Naphtha (cif NWE) NAF-C-NWE |
Ebob crack (per barrel) |
$5.74 |
Prev. $4.77 |
Brent futures |
LCOc1 |
|
Rbob |
RBc1 |
|
Rbob crack |
RBc1-CLc1 |
|
(Reporting by Ahmad Ghaddar, Editing by Louise Heavens)
((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))
