off-the-wire

Europe Gasoline/Naphtha-Cracks steady as export activity slows

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 10 (Reuters) - Northwest European gasoline refining margins were broadly steady at $13.40 a barrel on Friday, as export activity from the region slowed.
* Northwest European (NWE) gasoline exports in February are set to reach 1.15 mln tonnes so far, according to Refinitiv data, compared with a revised four-month high of 3.04 mln tonnes in January.


* "NWE gasoline shipments to the United States and West Africa got off to a slow start in February weighed by rising freight rates and abundant stocks on both sides of the Atlantic as demand was crimped in the US by icy roads, storms and freezing temperatures," Refinitiv analysts said.
* 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.
* 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. 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 $829.75 $797, Trafigu Shell, Argus E5(fob (6KT) $812.75, ra Exxon AR) $822.50
Ebob Barges $832.50 $823.25 Trafigu Varo E10 Argus ra
(fob AR)
March swap $822.25
fob ARA
Premium $890 Totsa Gunvor Unleaded
(fob ARA)
<PU-10PP-ARA
>
Cargoes
(fob MED)
Cargoes (cif
NWE)
Naphtha Feb Feb
(cif NWE) +$3 +$7 Ebob crack (per barrel) $13.37 Prev. $13.44 Brent futures Rbob Rbob crack (Reporting by Ahmad Ghaddar)

ahmad.ghaddar.thomsonreuters.com@reuters.net))
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