* Oil prices fell in volatile trading on Monday as the
collapse of
Silicon Valley Bank hit equities markets and raised fears of a
fresh financial crisis, but a recovery in Chinese demand
provided support.
* Strikes blocking fuel deliveries from French refineries
ran into
a sixth day on Monday, piling further pressure on President
Emmanuel Macron as he races to shore up support for unpopular
pension reforms in a final parliamentary vote.
* Slowing export activity capped further gains, however.
* Northwest European gasoline exports in February dropped to
2.35
million tonnes, well below the 3.11 million tonnes loaded in
January and the 3.2 million tonnes in February 2022, Refinitiv
data showed. March loadings so far total about 840,000 tonnes,
the data showed.
* Commodities trader Trafigura smashed its previous profit
records
to make around $3.5 billion in the first quarter of its current
financial year, four sources with knowledge of the matter told
Reuters.
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 $780.75 $772.50 Totsa, Gunvor,
Barges (7KT) (3KT) Vitol BP
Argus
E5(fob
AR)
Ebob 3KT $804.25
Barges assesse (3KT ass
E10 d at essed)
Argus $782.50
(fob AR)
April
swap fob
ARA $826.75
Premium $790 $808 (7 Trafigu Totsa
Unleaded barges) ra
(fob
ARA)
<PU-10PP
-ARA>
Cargoes
(fob
MED)
Cargoes
(cif
NEW)
Naphtha April March March
(cif +$4 +$2 +$6
NEW)
<NAF-C-N
WE>
Ebob crack (per barrel) $11.73 Prev. $9.73
Brent futures Rbob Rbob crack (Reporting by Ahmad Ghaddar
Editing by Tomasz Janowski)
