Europe Gasoline/Naphtha-Cracks rise on steady stocks, looming summer demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 14 (Reuters) - Northwest European gasoline refining margins rose to $21.06 a barrel on Friday as stocks were stable and gasoline demand looked set to rise for the summer driving season.
* Several Asian refiners are likely to maximise gasoline output from May and reduce gasoil output, cashing in on higher profits for the motor fuel ahead of the peak summer driving season, industry sources and analysts say.
* Gasoline profits have rebounded as traders build supplies ahead of a seasonal travel demand boost from April through September.
* ARA gasoline stocks were little changed in the week to Thursday at 1.4 million tonnes, data from Dutch consultancy Insights Global showed.
* Russian oil exports in March hit their highest levels since April 2020 on robust oil product flows, the IEA said, despite a seaborne import ban from the European Union and a price cap sanctions policy spearheaded by the United States.


* Oil products shipments from TotalEnergies' Donges and La Mede refineries were disrupted on Thursday, a company spokesperson said, with 20% of operational staff having joined strike action over the French government's pension reforms. 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 898.75 $904-$90 Totsa Gunvor Barges (10KT) 7.50
Argus
E5(fob
AR)
Ebob $905-$9 $922.25- Totsa, Exxon, Barges 12 $924.75 Glencor Varo E10 (16KT) e,
Argus Gunvor
(fob AR)
May swap $883.50 $887.25
fob ARA
Premium $943
Unleaded
(fob
ARA)
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-ARA>
Cargoes
(fob
MED)
Cargoes
(cif
NEW)
Naphtha
(cif
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Ebob crack (per barrel) $21.063 Prev. $20.233 Brent futures Rbob Rbob crack (Reporting by Noah Browning; Editing by Susan Fenton) (( noah.browning@thomsonreuters.com ))

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