* 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 were 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.
* A price cap on Russian naphtha could pressure east-bound supplies to four-month lows in March, estimates by traders and analysts showed.
* Trading sources said on Tuesday there was ample naphtha supply in northwest Europe as weak Chinese demand meant north African and Mediterranean product could head to the Amsterdam-Rotterdam-Antwerp (ARA) region in recent months.
* OPEC oil output rose in February, led by a further recovery in Nigerian supply, a Reuters survey found on Tuesday, despite strong adherence by top producers to an agreement by the wider OPEC+ alliance to cut production to support the market. 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 $801.50
Barges (4KT)
Argus $801.50
E5(fob (4KT)
AR)
Ebob $797.50
Barges (6KT) $793
E10 (4KT)
Argus
(fob AR)
March $784.75
swap fob
ARA
Premium
Unleaded
(fob
ARA)
<PU-10PP
-ARA>
Cargoes
(fob
MED)
Cargoes
(cif
NWE)
Naphtha
(cif
NWE)
<NAF-C-N
WE>
Ebob crack (per barrel) $12.09 Prev. $14.12 Brent futures Rbob Rbob crack (Reporting by Rowena Edwards; Editing by Maju Samuel)
