Argus Eurobob E10 Gasoline
Overview
Europe is moving to E10 as the standard for regular grade gasoline. Stay ahead of the curve by moving your gasoline pricing to Argus non-oxy (E10). As of, 1 January 2024, Argus has changed the Eurobob oxy (E5) index to a premium or discount to the non-oxy (E10) benchmark. The non-oxy (E10) price will continue to be based on a volume-weighted average of spot market transactions.
EU-wide targets driven from mandates such as the EU’s Renewable Energy Directive, have increased the need for ethanol-blended gasoline across Europe. In most European countries, gasoline must now contain either up to 5pc or 10pc ethanol. Due to its higher bioethanol content, E10 gasoline is being rolled out across more countries in Europe as a means for governments and companies to help meet greenhouse gas (GHG) emissions targets.
European gasoline is moving to E10
Elliot Radley, editor of Argus European Products, provides the tools and insight to navigate one of the biggest changes to the European gasoline market in over a decade.
Watch nowArgus Eurobob gasoline barge spread
European gasoline - E5 vs E10
Europe is moving to E10 gasoline usage, impacts will include the UK’s CO2 emissions cut by 750,000 t/yr, the equivalent to removing 350,000 cars off the road, and the use of E10 gasoline will reduce GHG emissions of a gasoline powered car by ~2%.
Key price assessments
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Argus Eurobob transition to E10
The Argus Eurobob oxy assessment is a diff to the Argus Eurobob non-oxy assessment. Get a detailed overview into this change and what’s to come.
PodcastDriving Discussions: Is Europe's gasoline abundance a problem?
The last few months have seen a massive pile-up of gasoline supply accumulating in Northwest Europe. Listen to our oil market experts discuss why this has occurred and what might happen to all this gasoline currently sitting in tanks in the Amsterdam-Rotterdam-Antwerp (ARA) region.
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Challenges facing the oil refining industry have become more numerous and are set to intensify in the coming years. Read this report for a deep dive into the global refining, diesel and gasoline markets. Includes valuable forecasts for 2025, to help you inform and plan your strategic efforts.
Latest European gasoline news
Spanish fuel retailers face €529mn compensation claim
Spanish fuel retailers face €529mn compensation claim
Madrid, 24 April (Argus) — Spain's two largest fuel retailers Repsol and Moeve — formerly known as Cepsa — are facing demands for compensation totalling €529mn ($601mn) from operators of service station franchises claiming they lost out from fuel price fixing by the companies in the noughties. Repsol received notification at the end of March that 46 service station franchises are askind for €246.5mn ($280mn) in compensation plus €145mn in interest for damages related to a 2009 sentence by competition regulator CNMV against the two companies and BP for indirectly fixing fuel prices at the pump. Moeve has confirmed that it is facing a similar lawsuit from 22 franchise operators who are claiming a total of €139.4mn in damages and interest. The firm declined to comment on the case further than stating it has "changed its contracts to comply with the demands of the regulator." BP has not yet confirmed local media reports that it is facing compensation claims of about €51mn. CNMV ruled in 2009 that the three fuel retailers had indirectly colluded to fix prices for their service station franchises through anti-competitive commercial and contractual practices and handed out fines totalling about €8mn. The three companies were then handed fines totalling some €11mn by Spanish competition authorities in 2015 for failing to fully eliminate the anti-competitive practices as required by the 2009 ruling. Both companies are already challenging compensation claims regarding the same CNMC anti-trust ruling made by Spain's logistics sector in 2022 and totalling several million euros in damages. Repsol's retail network in Spain includes over 3,500 own brand service stations and franchises while Moeve's network in Spain and Portugal recently increased to around 2,000 service stations with the acquisition of low cost distributor Ballenoil, which was completed in 2024. By Jonathan Gleave Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Low Rhine water levels drive barge rates higher
Low Rhine water levels drive barge rates higher
Barge loading restrictions have pushed prices for some products in southwest Germany four times higher than the national average, writes Amaar Khan London, 11 April (Argus) — Product prices in southwest Germany have been pushed higher by a surge in barge prices because of lower water levels along the Rhine. Freight costs from the Amsterdam-Rotterdam-Antwerp (ARA) storage hub to Basel have risen fourfold to over €80/t ($89.50/t) since early March, according to barge broker Riverlake, while rates to Karlsruhe have more than tripled to about €55/t. Barges are generally used to transport products to inland Europe, or to import from ARA, and export to Switzerland. But low rainfall and higher temperatures have led to lower Rhine water levels, meaning that barges are not able to load at capacity and suppliers have to book more vessels to carry products. The main point of congestion along the Rhine is at Kaub, close to where vessels discharge for Frankfurt, Riverlake data show. Water levels there are less than 1m high, meaning barges can only carry around 1,000t of product. The higher barge freight rates are leading to a rise in prices for products in southwest Germany, which is typically supplied by barges along the Rhine. Prices in this region for heating oil, diesel and E5 gasoline have risen by €2.20-3.00/100 litres, compared with the national average. Lower Rhine water levels are also limiting exports from Miro's 310,000 b/d Karlsruhe refinery in southwest Germany, leading to fears of production cuts. Lower refinery production in the region has added to barge demand. Shell ended crude refining at its 147,000 b/d Wesseling plant in Germany last month , although storage tanks will still be used after the closure. The tanks are now only serviceable by pipelines and barges, leading to higher barge demand. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
German EV registrations at nine-month high in March
German EV registrations at nine-month high in March
London, 7 April (Argus) — New electric vehicle (EV) registrations in Germany rose on the month and on the year in March to their highest since June 2024, data from motor transport authority KBA show. New EV registrations rose by 6,572 on the month to 42,521 in March, the highest since June 2024. And registrations were 35.5pc up on the year, accounting for 16.8pc of total new registrations last month. Plug-in hybrid registrations were 65.8pc up on the year at just under 26,553, the greatest number of plug-in hybrid registrations for a single month since December 2022. Registrations of other hybrid vehicles also rose on the month, by 16,707 to 74,860 — a more than 10-year high. Gasoline-fuelled car registrations dropped by 29.4pc on the year to 70,414, but were up on the month. Diesel-fuelled car registrations rose on the month to 37,890 but were down by 21.7pc from March 2024. Average CO2 emissions fell by 11.7pc on the year to 109.8 g/km last month, but were narrowly up from CO2 emissions in February. By Bea Leverett New German car registrations Fuel Mar % share of registrations ± Feb ± % Mar 2024 EVs 42,521 16.8 6,572 35.5 Plug-in hybrid 26,553 10.5 7,019 65.8 Other hybrid 74,860 29.5 16,707 11.7 Gasoline 70,414 27.8 13,503 -29.4 Diesel 37,890 14.9 5,774 -21.7 LPG 1,251 0.5 484 1.7 Natural gas 1 0.0 1 -96.6 — KBA Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Nigeria sees significant gasoline output by November
Nigeria sees significant gasoline output by November
Lagos, 20 August (Argus) — Nigeria's government said "significant production increases" of gasoline from the 210,000 b/d Port Harcourt and 650,000 b/d Dangote refineries are "expected from November", which would have ramifications for balances in the region and in northwest Europe. First gasoline from Dangote is expected in September, said the office of Nigeria's co-ordinating minister of the economy. Industry sources told Argus that Dangote obtained regulatory approval to start its 247,000 b/d fluid catalytic cracker and 27,000 b/d alkylation units in April and May, respectively, but that the refiner seems to have deliberately delayed start-up of these secondary units. This is because it plans to sell much of its gasoline to the domestic market, where government intervention through state-owned NNPC continues to curtail prices. Sources at Port Harcourt told Argus that the restart of a 60,000 b/d section that has been delayed several times since April 2023 is on course to happen by 31 August. The refinery received 450,000 bl of domestic Bonny Light crude in the first half of July, the second supply of feedstock after 475,000 bl arrived between 28 December and 18 January. Nigeria's downstream regulator approved the movement of the crude from tank to refinery at the end of July, sources said. NNPC's trading subsidiary applied last week for permits to sell Port Harcourt kerosine and diesel domestically and permits to export naphtha and fuel oil, according to industry sources. The catalytic reformer and the reformer feed unit for the 60,000 b/d section will start early in October for upgrading of naphtha, sources said. Italian engineering firm Maire Tecnimont won a $1.5bn contract in April 2021 to restore Port Harcourt to 90pc of its nameplate capacity. It said in June that the project was 84.6pc complete, with procurement at 99pc, engineering at 98pc and construction at 73pc. The co-ordinating minister's office also said a programme for NNPC to sell crude to Dangote in the local naira currency will start on 1 October. NNPC has supplied Dangote with crude since the refinery started up in December 2023, but payments have so far been in dollars. The government said the programme will offer a "lifeline to Dangote refinery", which has complained about the dollar prices and available volumes of Nigerian crude grades it has been able to buy. Sources told Argus that NNPC sold Dangote more than 3.6mn bl of crude in July, including a 720,000 bl cargo of Brass River — the first of that grade. A government source told Argus today that details of the NNPC-Dangote programme will not be disclosed until after its implementation in September. But it could be structured as a crude-for-gasoline swap, denominated in US dollars and reflecting international market prices but settled in the equivalent naira amounts. This would allay Dangote's concerns about dollar expenditure, guarantee sales and ensure market value for gasoline sold domestically. It would also remove NNPC's need to import gasoline, with Dangote's capacity alone exceeding Nigeria's domestic demand. NNPC has been Nigeria's sole importer of gasoline since 2017, with the exception of about eight cargoes received by independents in 2023. After years of crude-for-gasoline swap deals, NNPC has been importing on a cash basis since November 2023, mainly from the Amsterdam-Rotterdam-Antwerp (ARA) hub in northwest Europe. Nigeria is the largest consumer of gasoline in west Africa, and a key outlet for excess European production. By Adebiyi Olusolape Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
