Europe Gasoline/Naphtha-Cracks steady as transatlantic exports slump

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 31 (Reuters) - Northwest European gasoline refining margins were broadly steady at about $22.8 a barrel on Friday amid a sharp fall in exports on the transatlantic route.
* Transatlantic gasoline shipments from Northwest Europe (NWE) fell for the second straight month in March to a near three-year low despite six consecutive weeks of inventory draws in the United States, Refinitiv data showed.
* Flows along the route dropped to about 462,000 tonnes this month, the lowest since April 2020 and compared with 611,000 tonnes in February, the data showed.
* Shipments to West Africa, stood at 1.14 million tonnes in March, a four-month low and down from 1.51 million tonnes loaded in February
* ARA gasoline stocks rose 1.6% to 1.47 million tonnes in the week to Thursday on slower exports to the U.S., data from Dutch consultancy Insights Global showed.
* U.S. gasoline stocks fell by 2.9 million barrels in the week to March 24 to 226.7 million barrels, according to the Energy Information Administration on Wednesday. [EIA/S} Trades Bids Offers Prev. Sellers Buyers (vol.) Trades
Ebob $872 (3 $857 Totsa Varo Barges barges)
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Ebob crack (per barrel) $22.2 Prev. $24 Brent futures Rbob Rbob crack (Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan)

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