European gasoline is moving to E10
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). From 1 January 2024, Argus is changing 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.
What is E10?
Most gasoline sold at pumps in Europe used to be a blend of up to 5% bioethanol and 95% gasoline, denoted by an E5 label. E5 is blended up to the finished grade from oxygenated (‘oxy’) gasoline grades. Most European countries have already moved to a new generation of fuel that contains up to 10% bioethanol, known as E10, which is blended using non-oxygenated (‘non-oxy’) gasoline as a base. The base grades are called Eurobob Oxy and Eurobob non-oxy, respectively, and these grades are most traded in the ARA barge market.
Key Prices
Featured Content
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White paper: Eurobob non-oxy gasoline
EU-wide targets, stemming from mandates have driven the uptake of ethanol-blended gasoline across Europe. Argus will evolve the methodology for its gasoline benchmarks. -
FAQ: Argus Eurobob transition to E10
Starting 1 January 2024 the Argus Eurobob oxy assessment will be a diff to the Argus Eurobob non-oxy assessment. Get a detailed overview into this change and what’s to come. -
Webinar: The Rise of E10
Get an overview on environmental mandates causing the shift to E10, supply and demand outlook of Eurobob oxy and non-oxy gasoline and much more.
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