1. ARA Oil Market Report
Thomas Bakosch Oil Natural Gas Reports
Tel.: +49 40 288 069 02
WTI crude oil peaked in the dead zone at
around $46.00 a barrel when aggressive
selling came in again to pull down the
whole pack around the barrel. This was
just another day conducted by automated
algorithmic trade.
Same story was evident when the NYMEX
gasoline contract fell off sharply at around
16:30 CET. This was a one hundred point
move in about five minutes. For WTI the
value at $44.20 a barrel seemed to be the
comfortably felt support zone, while this
should be the case for gasoline at $1.38 a
ton ahead the summer/winter switch.
Brent dated closed today at $49.00 (+0.30)
a barrel, which should give us a hint what
this markets momentum is about to go
now. EBOB barges were assessed fob AR
at $507/508 (-4.00).
ARA distillate premiums closed a shade
higher than on last Friday. The EU cracks
finished at $17.72 (+0.36) a barrel, while
the front month spread between WTI and
Brent was $4.59 (4.47)
MOGAS
EBOB/Premium unleaded barge fob AR
assessments: Sept 4-10 $512.00 gunvor
to dsm 1.2 kt AR (approx oct swap
+$30.00) $510.00 litasco to shell 1kt ARA
x 2 (approx oct swap +$28.00) and MOC:
no bids/offers/trades at all. We had asked
after MOC around and found confirmation
for EBOB talking at 507/509 and Premium
unleaded at $ 528/529 at 17:30 CET.
GASOIL
Gasoil 0.1% - Gasoil 50ppm -ULSD
10ppm barge fob ARA assessments:
Gasoil 0.1, trade, ARA, BE @ OCT -17.50
ULSD 10 ppm, trade, ARA, FE @ Sept -
4.50 ULSD 10 ppm, trade, ARA, MW @
Sept -3.75
FUEL OIL
Fuel Oil 3.5% barge fob Rotterdam
assessments: HSFO closed at $230-235
leaving the value for LSFO at $239/243 a
ton. The cargoes talked with premiums on
top of these values.
Crude Notes: North Sea crude oil closed
in a 20 cent spread 1.Mo 48.1/3… 2.Mo
48.9/1… 3. Mo 49.7/9
Exclusive report for:
O.M.R. OIL MARKET REPORT