Northwest European gasoline margins climb to $48.84 a barrel

what happened

Newsmetry API reported that Northwest European gasoline refining margins gained $1.50 on Monday, reaching $48.84 a barrel. Varo sold Trafigura a combined 4,000 metric tons of E5 gasoline barges. Exxon and Shell supplied roughly 12,000 tons of E10 barges to Varo and TotalEnergies.

On Friday, President Donald Trump said Russia had accepted a plan to supply diesel to international markets in an attempt to bring fuel prices down. His administration also temporarily removed US sanctions on Russian fuel that had been intended to cut Moscow’s income from its war on Ukraine.

The Marine Minerals Administration said on Sunday that approximately 57.54% of daily oil output and 49.11% of natural-gas output in the US Gulf of Mexico was offline. The Nigerian refinery flotation backed by billionaire Aliko Dangote will run for 10 additional days, allowing investors from other African countries to take part, according to a company executive and a transaction adviser who spoke to Reuters.

Market indications included $1321 for E5 Platts fob ARA, with ExxonMobil selling and Trafigura buying. E5 Argus fob ARA was shown at $1305.75 (4KT) and $1277.25 (14KT), involving Varo and Trafigura. E10 Argus fob ARA stood at $1249 (12KT) and $1249.50 (6KT), with Exxon, Shell, Varo and TotalEnergies listed. The November swap was $1106.75 versus $1097.75 previously. The sheet also listed Premium Unleaded fob ARA, fob MED and cif NWE cargoes, Naphtha cif NWE, Ebob crack, Brent futures, Rbob and Rbob crack.

why it matters

Higher gasoline margins improve the refining spread shown in the report. At the same time, US Gulf production outages and the temporary change in US sanctions on Russian fuel add competing supply-policy signals for energy markets.

instruments