Europe Gasoline/Naphtha-Gasoline crack spreads edge higher despite U.S. stockbuild

(.)

LONDON, Dec 3 (Reuters) - Northwest European gasoline refinery profit margins rose by about 32 cents to $16.56 a barrel on Wednesday, even as U.S. stocks rose by more than expected last week, according to the U.S. Energy Information Administration (EIA).

• About 12,000 metric tons of Eurobob E5 gasoline traded on barges on Wednesday, as Glencore, Equinor, and Sahara sold to Gunvor, Aramco, and ExxonMobil.
• A further 3,000 tons of Eurobob E10 gasoline barges traded in the session, with Sahara and Shell selling to BMV Mineraloel and Varo.
• Valero Energy plans to perform upgrades to the large crude distillation unit at its 380,000 barrel-per-day Port Arthur, Texas refinery in February, said people familiar with the plant’s operations.
• U.S. gasoline stocks rose by 4.52 million barrels in the week to 214.42 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.5 million-barrel build.​
• EU and UK gasoline exports hit 933,000 barrels per day last month, slightly below October’s 942,000 bpd, Kpler data shows.

Trade Bid Offer Prev. Seller Buyer

Ebob

Barges

MOC

Platts E5

(fob ARA)

ARA

*

Ebob

Barges

E10

Platts

(fob ARA)

Ebob $665.75 $661 Glencor Gunvor,

Barges -669 (8KT) e, Aramco,

Argus E5 (12KT Equinor ExxonMobi

(fob ARA) traded) , l

Sahara

Ebob $668.25 $659.25 Sahara, BMV, Varo

Barges (3KT) (4KT) Shell

E10 Argus

(fob ARA)

Jan. swap $635.75 $634.50

(fob ARA)

Premium

Unleaded

(fob ARA)

ARA

*

Cargoes

(fob MED)

Cargoes

(cif NWE)

Naphtha

(cif NWE)

E

*

Ebob crack (per barrel) $16.56 Prev. $16.24

Brent futures (LCOc1)

Rbob (RBc1)

Rbob crack (RBc1-CLc1)