Europe gasoline refining margins hold steady
USO•Northwest European gasoline refining margins were little changed at about $40.60 a barrel on Monday as trading activity picked up, with 22,000 metric tons of E5 barges and 8,000 tons of E10 barges traded.
1. Trading activity picks up
Northwest European gasoline refining margins were little changed at about $40.60 a barrel on Monday. A total of 22,000 metric tons of E5 barges traded, with ExxonMobil, Glencore and Varo selling to Trafigura and TOTSA; a further 8,000 tons of E10 barges traded, with ExxonMobil and Sahara selling to Varo.
2. Market prices
The Ebob crack was $40.62 a barrel, compared with $40.63 previously. The E5 Argus barge trade was $1,204.50 a ton for 22,000 tons, versus $1,192.75 for 2,000 tons previously; the E10 Argus barge trade was $1,187.25 a ton for 8,000 tons, compared with a previous assessed $1,182.75 for 3,000 tons.
