Feb 22 (Reuters) - Northwest European gasoline refining margins slipped
slightly to around $13.74 a barrel on Wednesday on concerns economic turbulence
could hit fuel demand, but upcoming refinery maintenance provided a floor for
prices.
* Oil prices fell by $2 per barrel on Wednesday as investors grew more
worried
that recent economic data will encourage more aggressive interest rate hikes by
central banks, pressuring economic growth and fuel demand.
* Russia plans to reduce crude oil exports from its western ports in March
by some
25% from February amid a planned production cut, three sources in the Russian
oil market said.
* European gasoline output rose 4.5% in January on the month and 3.1% on the
year,
according to Euroilstock data. Naphtha production fell 2.2% on the month but
rose 2.3% on the year.
* Overall, European refiners produced 10.253 million barrels per day (bpd)
of oil
products in January, 1.7% more than the previous month and up 6.6% from a year
earlier, Euroilstock data showed.
* Germany's Schwedt refinery, whose majority owner Rosneft Deutschland has been put under trusteeship by the government, will undergo major maintenance
in spring that will lower utilisation to less than half.
* The outage coincides with works at oil major Shell's Pernis
refinery in
Rotterdam from the start of March to the end of May.
* In northwestern Europe, gasoline stocks were stable near
highs last
seen in August as exports to the United States continue at a low level,
according to Dutch consultancy Insights Global. Trades Bids Offers Prev. Sellers Buyers
(vol.) Trades
Ebob
Barges
MOC
Platts
E5
(fob
ARA)
<EUROBOB
-ARA>
Ebob
Barges
E10
Platts(f
ob ARA)
Ebob $785-$7 Assessed Gunvor Exxon,
Barges 95 at Shell,
Argus (10KT) $806.00 Mabanaft
E5(fob , BP
AR)
Ebob $788.25 $795 Totsa, Varo,
Barges -$800.5 (3KT) Shell, Exxon
E10 0 (6KT) P66
Argus
(fob AR)
March $774.25 $796
swap fob
ARA
Premium $835
Unleaded
(fob
ARA)
<PU-10PP
-ARA>
Cargoes
(fob
MED)
Cargoes
(cif
NWE)
Naphtha
(cif
NWE)
<NAF-C-N
WE>
Ebob crack (per barrel) $13.736 Prev. $14.075
Brent futures Rbob Rbob crack (Reporting by Noah Browning; Editing by Kirsten Donovan)
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