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Europe Gasoline/Naphtha-Gasoline refining margins drop

Europe Gasoline/Naphtha-Gasoline refining margins drop

ReutersReuters2026/07/22 16:22
By:Reuters

- Northwest European gasoline refining margins fell by $2.07 to $39.06 a barrel on Wednesday, extending losses from the previous session as crude oil futures gained on worries of more supply disruptions because of the U.S.-Iran war.

  • A total of 7,000 tons of Eurobob E5 barges traded on Argus, with Exxon Mobil, Sahara, BP and Petroineos selling to Varo and Gunvor.

  • A further 4,000 tons of Eurobob E10 barges traded, sold by Shell and Finco to BP.

  • Petroineos also sold an E5 barge to Trafigura in the Platts window.

  • Kyrgyzstan has agreed to build a $25 million mini oil refinery in the south of the country as it seeks to boost domestic fuel production and reduce reliance on imports amid tightening supplies from Russia.

  • Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two of the world's most critical energy chokepoints.

  • The Dangote refinery, Nigeria's largest, has been undergoing maintenance work since July 10 due to issues with a steam generator, commodities analytics firm Kpler said earlier this week, reducing run-rates at its crude-processing and gasoline-producing units.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

$1087

$1109

Petroineos

Trafigura

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$1078.50 (7KT)

$1102.25 (4KT)

Exxon, Sahara, BP, Petroineos

Varo, Gunvor

Ebob Barges E10 Argus (fob ARA)

$1072.25 (4KT)

$1095.25 on 1.1KT (1.9KT assessed)

Shell, Finco

BP

August swap

$1043.50

$1035.75

Premium Unleaded (fob ARA)

Cargoes

(fob MED)

August +$78

Cargoes (cif NWE)

Naphtha

(cif NWE)

Ebob crack (per barrel)

$39.06

Prev. $41.13

Brent futures

LCOc1

Rbob

RBc1

Rbob crack


(Reporting by Stephanie Kelly; Editing by Shailesh Kuber)

((Stephanie.Kelly@tr.com))

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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