Argus launches intraday European gasoline price benchmarks for West African market
Argus Media, a global energy and commodity price reporting agency, has introduced new intraday price assessments for European gasoline (petrol), providing the market with enhanced visibility and real-time insight into price movements throughout the trading day.
This was made known by James Gooder, announced by Argus Vice President, during the international energy trading panel at the 2025 OTL Africa Downstream Energy Week in Lagos, marking a major step in the evolution of gasoline price reporting and risk management across global markets.
Gooder said the intraday Eurobob (EBOB) price assessments—conducted at four intervals daily (09:30, 12:00, 14:00, and 16:30 UK time)—offer vital snapshots of European gasoline values.
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The prices are derived from fob Amsterdam-Rotterdam (AR) spot gasoline barge market data and real-time Eurobob swap values, ensuring that traders and refiners can track market trends more closely.
“The new assessments will help market participants manage risks more effectively and compare European gasoline values with other global benchmarks such as the US RBOB and the newly launched Middle East MEBOB,” Gooder said.
He stated that demand for more frequent price updates has grown significantly, particularly among wholesale and downstream players in West Africa, where deals referencing Argus Eurobob gasoline prices have become increasingly common.
Argus’ intraday prices cover both non-oxy and oxy grades of Eurobob gasoline to reflect ongoing trade in blendstocks for E10 and E5 fuel types across Europe and beyond.
Adrian Binks, Argus Media Chairman and Chief Executive Officer, said in a statement that the initiative was in direct response to requests from market participants for more granular data on European gasoline pricing.
“We are pleased to respond to requests from market participants to introduce intraday prices for our important EBOB gasoline benchmarks,” Binks said. “The series has been adopted as the gasoline price reference across Europe, forms part of a global gasoline complex, and is increasingly being used as a reference in key West African markets such as Nigeria.”
The Argus Eurobob non-oxy barge price sets the outright value of gasoline in Europe each day and serves as the settlement basis for futures contracts listed by ICE and CME. It represents the value of physical barges of E10 gasoline blendstock before ethanol addition, which is required to produce finished retail gasoline.
Similarly, the Argus Eurobob oxy barge price acts as the key E5 gasoline benchmark in Europe and also underpins futures settlement contracts on global exchanges.
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Founded in 1970 and headquartered in London, Argus Media is an independent provider of market intelligence for global energy and commodity markets.
With nearly 1,500 staff across 30 offices worldwide, Argus provides price assessments, analytics, consulting, and data tools to clients in more than 160 countries, including governments, oil companies, and trading firms.
The company’s benchmarks are trusted worldwide for pricing transportation, commodities, and energy products, underpinning trade flows and investment decisions across the global supply chain.
