Europe Gasoline/Naphtha-Cracks weaken after ARA stocks rise

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 9 (Reuters) - Northwest European gasoline refining margins slightly declined to $12.34 a barrel on Thursday after data showed a rise in regional stocks.
* ARA gasoline stocks rose slightly to 1.4 million tonnes in the week to Thursday, their highest since August 2020, data from Dutch consultancy Insights Global showed.
* Demand to export the motor fuel to the United States expected to strengthen over the coming weeks, said Insights Global's Lars van Wageningen.
* U.S. gasoline stocks rose by 5 million barrels to 239.6 million barrels, the EIA said, far surpassing the 1.3 million barrel rise that analysts expected in a Reuters poll.
* Northwestern European gasoline shipments to the United States and West Africa jumped to an eight-month high in January as refinery issues across the Atlantic and cheaper freight boosted loadings. Exports on the two major arbitrage routes of the US and WAF reached 2.2 million tonnes in January, up from 1.64 million mt in December, Refinitiv analysts said on Friday. Trades Bids Offers Prev. Sellers Buyers (vol.) Trades
Ebob Barges
MOC Platts
E5
(fob ARA)
<EUROBOB-ARA
>
Ebob Barges
E10
Platts(fob
ARA)
Ebob Barges $797, Assessed Trafigu Mabanaft Argus E5(fob $812.75 at ra
AR) , $810.75


$822.50
Ebob Barges $823.25 $821-$82 Shell Exxon, E10 Argus 5.50 Varo (fob AR) (8KT)
March swap $801.50
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-ARA
>
Cargoes
(fob MED)
Cargoes (cif
NWE)
Naphtha Feb.
(cif NWE) +$3.5 and +$4
Ebob crack (per barrel) $12.24 Prev. $12.34 Brent futures Rbob Rbob crack (Reporting by Ron Bousso; Editing by Alexander Smith)

email: ron.bousso@thomsonreuters.com Twitter: Tel.: +44 (0)207 542 2161 Reuters Messaging: ron.bousso.reuters.com@reuters.net))
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