Northwest European gasoline profit margins rose on Friday by 37 cents to $14.16 a barrel on brisk trading and lower regional inventories.
A total of 16,000 metric tons of Eurobob E5 barges traded, as BP and Trafigura sold to Varo, Gunvor, Aramco and TotalEnergies.
An additional 18,000 tons on Eurobob E10 barges also traded, with Shell, Sahara and Gunvor selling to Exxon Mobil, Varo, Trafigura, and TotalEnergies.
Oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining hub fell by 3% on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday.
Gasoline stocks declined 2% to 1.1 million tons on slower imports, Insight Global’s Lars van Wageningen said.
Britain’s insolvent Lindsey oil refinery has secured some crude supplies to stave off immediate closure, the UK energy ministry said on Friday, but a source familiar with the situation said the agreement with supplier Glencore was limited.
Consultancy Wood Mackenzie told Reuters on Friday the refinery faces shutdown within three weeks with the current 1.8 million barrels of crude it has in storage.
Source: Reuters