Pt Pertamina Geothermal Energy TbkIDX: PGEO

Gasoline cracks head lower

· TradingView

Northwest European gasoline profit margins fell 90 cents to $19.40 a barrel on Friday.

  • A total of 4,000 metric tons of Eurobob E5 barges were traded, with Gunvor selling to BP and Vitol.

  • An additional 2,000 tons of E10 barges were traded in total, with Gunvor selling to Equinor.

  • Indonesia will allow private fuel retailers, such as Shell and BP, to import more gasoline through state energy firm Pertamina as their petrol stations are running dry, the energy minister said on Friday.

  • EU and UK gasoline exports reached 839,000 barrels per day (bpd) in September so far, according to Kpler data, compared with 863,000 bpd in August.

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Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

(EUROBOB-ARA)

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$724.50-$727.50 (4KT)

$735.50-$736.50 (5.5KT)

Gunvor

BP, Vitol

Ebob Barges E10 Argus (fob ARA)

$723.50 (2KT; 1KT assessed)

$735.00 (4KT)

Gunvor

Equinor

Oct. swap (fob ARA)

$678.00

$689.00

Premium Unleaded (fob ARA)

(PU-10PP-ARA)

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

(NAF-C-NWE)

Ebob crack (per barrel)

$19.40

Prev. $20.30

Brent futures

ICEEUR:BRN1!

Rbob

TOCOM:THU1!

Rbob crack

(RBc1-CLc1)