Europe Gasoline/Naphtha-Cracks edge higher in thin trading

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 27 (Reuters) - Northwest European gasoline refining margins rose slightly to above $14 a barrel on Monday, in thin trading activity, but slowing export activity capped further gains.
* Northwestern European gasoline shipments to the United States and West Africa are lagging behind January and year-ago levels due to ample inventories and winter storms set to quell the nascent demand recovery from last week, according to Refinitiv analysts.
* However, values are holding in part on expectations of tighter supplies as refineries on both sides of the Atlantic shut for what is a heavy maintenance season. Refinitiv is tracking 298,000 tonnes of loadings this week on the two major routes, down slightly from the 308,000 tonnes last week.
* So far, February liftings total 1.55 million tonnes, down from the massive 2.17 million tonnes shipped out in January. A year ago February shipments reached 2.64 million tonnes while January was at a low 1.65 million tonnes, the data show.
* Russia has halted supplies of oil to Poland via the Druzhba pipeline, PKN Orlen's CEO said on Saturday, adding that the Polish refiner would tap other sources to plug the gap. 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 Totsa Trafigur Barges a Argus $801.50 $794-$80
E5(fob (4KT) 8 (9KT)
AR)



Ebob Shell Varo Barges
E10 $793 $796-$80
Argus (4KT) 4 (14KT)
(fob AR)



March $784.75
swap fob
ARA $788.00




Premium
Unleaded
(fob $809 $813.00,
ARA) $818.00
<PU-10PP (5
-ARA> barges)




Cargoes
(fob
MED)
Cargoes
(cif
NWE)
Naphtha
(cif
NWE)
<NAF-C-N
WE>


Ebob crack (per barrel) $14.12 Prev. $13.46 Brent futures Rbob Rbob crack (Reporting by Ahmad Ghaddar)

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