Europe Gasoline/Naphtha Gasoline cracks firm as crude prices slip

  • 12/17/2021
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Benchmark northwest European gasoline barge refining margins rose to around $9.1 per barrel on Friday, as crude prices fell over 2% and Atlantic basin stocks dropped. Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears that new restrictions may hit fuel demand. Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell by 12% to 940,000 tonnes as exports to the United States and West Africa rose, data from Dutch consultancy Insights Global showed. U.S. gasoline stocks (USOILG=ECI) fell last week by 719,000 barrels to 218.6 million barrels, the Energy Information Administration said. Gasoline (in tonnes) Trades (vol.) Bids Offers Prev. Trades Sellers Buyers Ebob Barges MOC Platts E5 Ebob Barges E10 Platts(fob ARA) Ebob Barges Argus E5(fob AR) $693.50 (10 barges) $696 (4kt) Totsa, Litasco, Gunvor BP, Mabanaft, Exxon, Varo Ebob Barges E10 Argus (fob AR) $707.50 (2KT) Jan swap fob ARA $688.75 $699.50 Premium Unleaded (fob ARA) $705 (12 barges) $715 Shell, Hartree Litasco Cargoes Cargoes (cif NWE) Naphtha Ebob crack (per barrel) $9.121 prev. $8.578 Brent futures Rbob Rbob crack Reporting by Ahmad Ghaddar; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles.

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