XLE•| Trade | Bid | Offer | Prev. | Seller | Buyer |
|---|---|---|---|---|---|
| Ebob Barges MOC Platts E5 (fob ARA) | $1114 | Exxon | |||
| Ebob Barges E10 Platts (fob ARA) | |||||
| Ebob Barges Argus E5 (fob ARA) | $1112.25 (6KT) | $1117.50 (15.90KT) | BP, Totsa, Exxon | ||
| Ebob Barges E10 Argus (fob ARA) | $1096.75 on 3KT (1KT assessed) | $1102.50 on 3KT (1KT assessed) | Shell | ||
| August swap | $1021.25 | ||||
| Premium Unleaded (fob ARA) | |||||
| Cargoes (fob MED) | Aug +$64 | Aug +$64 | |||
| Cargoes (cif NWE) | |||||
| Naphtha (cif NWE) |
| Metric | Value |
|---|---|
| Ebob crack (per barrel) | $44.43 |
| Prev. | $45.53 |
Yemen's Iran-aligned Houthis said on Monday they were imposing a naval blockade on Saudi Arabia, a move that opens a new front against the United States in its war on Iran and widens the threat to global energy supplies and trade beyond the Gulf.
U.S. gasoline pump prices crossed the $4 a gallon mark on Monday as renewed hostilities with Iran further disrupt energy flows through the Strait of Hormuz, a critical route for global oil supplies.
India has no plans to raise the ethanol content in gasoline beyond the current 20%, junior oil minister Suresh Gopi said on Monday, amid fears of further increases and criticism that the blend reduces efficiency and vehicle performance.
China's June refined oil product exports improved from May, but still tumbled from the same period last year amid export restrictions that started mid-March to safeguard domestic supply in the wake of the Iran war.
Northwest European gasoline refining margins eased by about $1 to $44.43 a barrel on Monday, remaining near a four-year high, as Yemen's Houthis announced a blockade on Saudi Arabia, threatening supplies through the Red Sea.
