Europe Gasoline/Naphtha — Gasoline refining margins tumble
LONDON, Oct 13 (Reuters) — Northwest European gasoline refining margins fell by about $8.21 to $40.59 a barrel on Tuesday. In the Argus window, 8,000 metric tons of Eurobob E5 barges traded, with Varo selling to Trafigura while Aramco and ExxonMobil both sold to Varo Shell sold 6,000 tons of Eurobob E10 barges to Petroineos and Varo In the Platts window, ExxonMobil sold Trafigura one E5 barge at $1231 a ton In the Mediterranean, Greece's Helleniq offered a 27,000 ton gasoline cargo at a $50 a ton premium to FOB cargo quotes pricing over October 21-31 US crude oil stockpiles were expected to have risen last week while product inventories are likely to have fallen, a preliminary Reuters poll showed on Monday. Trade Bid Offer Prev. Seller Buyer Ebob $1231 $1321 ExxonM Trafigur Barges obil a MOC Platts E5 (fob ARA) Ebob Barges E10 Platts (fob ARA) Ebob $1230.50 $1305.7 Varo, Trafigur Barges (8KT) 5(4KT) Aramco a, Varo Argus E5, (fob ARA) ExxonM obil Ebob $1192.50 $1249(1 Shell Varo, Barges (6KT) 2KT) Petroine E10 Argus os (fob ARA) November $1086.75 $1106.7 swap 5 Premium Unleaded (fob ARA) Cargoes Med (fob MED) +$50 Cargoes (cif NWE) Naphtha (cif NWE) Ebob crack $40.59 Prev. $48.80 (p