off-the-wire

Europe Gasoline/Naphtha-Cracks strengthen, slowing exports weigh

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 5 (Reuters) - Northwest European gasoline refining margins rose to about $14.80 a barrel on Friday, but slowing export activity from the region and higher inventories on both sides of the Atlantic capped further gains.


* Northwest European exports in April on the transatlantic and West African routes were estimated at 1.63 million tonnes, down from 1.89 million tonnes exported last month, Refinitiv data showed.
* Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp region rose slightly to 1.3 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed.
* U.S. gasoline stocks rose last week by 1.7 million barrels to 222.9 million barrels, EIA data showed, compared with forecasts for a 1.2 million-barrel drop. ?
*
Trades Bids Offers Prev. Sellers Buyers (vol.) Trades
Ebob
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MOC
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E5
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ARA)
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Ebob
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ob ARA)
Ebob $770.50 $752.75- Gunvor, BP, Barges (7.9KT) $754.75 Glencor Shell, Argus (7.2KT) e Exxon E5(fob
AR)
Ebob $766.50 $750.50- Glencor Exxon, Barges (6KT) $756.25 e, Varo E10 (18.7KT) Totsa
Argus
(fob AR)
June $744.50 $723
swap fob
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Premium $781-$7 Trafigu Totsa Unleaded 82.50 ra
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<PU-10PP
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Cargoes Med
(fob +$16
MED)
Cargoes
(cif
NEW)
Naphtha May -$5
(cif
NWE)
<NAF-C-N
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Ebob crack (per barrel) $14.83 Prev. $13.92 Brent futures Rbob Rbob crack (Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan)

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