* Oil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, lifting some supply concerns from the market.
* More Indian firms are attracted to buying Russian naphtha as low-cost
feedstock
for their refineries and petrochemical plants after price caps imposed by
Western nations, six refining sources said.
* The European Parliament on Tuesday formally approved a law to effectively
ban
the sale of new petrol and diesel cars in the European Union from 2035, aiming
to speed up the switch to electric vehicles and combat climate change.
* Northwest European (NWE) gasoline exports to the United States are
expected to
slow to four medium-range tankers this week from six last week.
* Total 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.
* 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 $826 Trafigu Vitol
MOC Platts ra
E5
(fob ARA)
<EUROBOB-ARA
>
Ebob Barges
E10
Platts(fob
ARA)
Ebob Barges $816.50 $823.42 Trafigu BP,
Argus E5(fob -$827.2 (3KT, ra Mabanaft
AR) 5 (8KT) 1KT , Shell
assessed
)
Ebob Barges $827.63 $829.33 Shell Exxon
E10 Argus (3kt, (3KT,
(fob AR) 1.5kt 1KT
assesse assessed
d) )
March swap $814 $825.50
fob ARA
Premium $899-$90
Unleaded 0
(fob ARA)
<PU-10PP-ARA
>
Cargoes
(fob MED)
Cargoes (cif
NWE)
Naphtha Feb March Trafigu Shell
(cif NWE) +1.5 +$15 ra Ebob crack (per barrel) $13.363 Prev. $12.757
Brent futures Rbob Rbob crack (Reporting by Noah Browning)
