Europe gasoline price range widens on winter-spec trades

23 September 2013 18:55  [Source: ICIS news]

LONDON (ICIS)--European gasoline barges traded at a wider range on Monday on the back of cheaper winter-spec sales, industry sources said.

Eurobob summer-spec gasoline traded at $978/tonne (€724/tonne) FOB (free on board) ARA (Amsterdam-Rotterdam-Antwerp), as Trafigura bought a 2,000-tonne barge from Swiss trading firm Gunvor.

Winter-spec gasoline traded $31/tonne lower at $947/tonne FOB ARA, as Trafigura sold two 2,000 tonnes barges to Gunvor.

Meanwhile, a winter-spec Eurobob barge was also offered in the open trading platform at $933/tonne FOB ARA, but there were no buyers.

At 15:30 GMT, the front-month November ICE Brent crude oil contract was trading at $107.89/bbl, down $1.33/bbl from the previous close.

Crude futures weakened late on Monday as concerns over the supply of crude oil eased with both Libya and Iraq increasing production. Two cargoes of unspecified Libyan crude are expected to be exported by the end of the week.

($1 = €0.74)

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By: Cuckoo James
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