Europe Gasoline/Naphtha Gasoline cracks higher, Omicron spread weighs

  • 12/21/2021
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LONDON, Dec 21 (Reuters) - Benchmark northwest European gasoline barge refining margins rebounded by over $1 to around $8.7 per barrel on Tuesday after a fall in the previous session, but rising Omicron cases in Europe capped gains. Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors" appetite for risk improved. European refiners produced 9.96 million barrels per day (bpd) of oil products in November, more than 3% higher than October and up 9.4% year on year, Euroilstock data showed on Monday. Production of all oil products rose on a monthly basis, with the exception of fuel oil"s near 1% decline while naphtha remained steady. Gasoline (in tonnes) Trades (vol.) Bids Offers Prev. Trades Sellers Buyers Ebob Barges MOC Platts E5 $690 Ebob Barges E10 Platts(fob ARA) Ebob Barges Argus E5(fob AR) $676.25 (5KT) $655.50 - $658.75 (10KT) BP, BMV Litasco Ebob Barges E10 Argus (fob AR) $692.50 (3KT) Totsa, Shell BMV, Exxon Jan swap fob ARA $687.75 $656 Premium Unleaded (fob ARA) $705-$706 (5 barges) $672 Shell Litasco, Totsa Cargoes Cargoes (cif NWE) Naphtha Ebob crack (per barrel) $8.937 prev. $10.071 Brent futures Rbob Rbob crack Reporting by Ahmad Ghaddar; Editing by Krishna Chandra Eluri

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