Northwest European gasoline refining profit margins fell by around 6 cents to $6.99 a barrel following a half-day of trading on Tuesday before the two-day Christmas break, while European exports to Nigeria were set to drop following higher crude processing at the Dangote refinery.

Around 2,000 tons of Eurobob E5 barges traded. Shell sold to Mabanaft.

Another 2,000 tons of E10 barges traded. Shell sold to Van Raak.

In the Platts window, BP and Vitol sought Mediterranean gasoline cargoes, while Trafigura offered one. There were no trades agreed.

EU-27 and UK gasoline exports to Nigeria were on track to drop sharply to 42,000 barrels per day (bpd) in December from 224,000 bpd in November, according to Kpler.

Nigeria’s Dangote refinery reached 85% capacity, a refinery executive told Reuters on Dec. 24.

Higher gasoline production at the refinery will most likely reduce imports into Nigeria.

Meanwhile, overall EU and UK gasoline exports were set to drop in December to 874,000 bpd from 1.12 million bpd in November, according to Kpler.
Source: Reuters