* Northwest Europe (NWE) April gasoline exports to its two main
destinations, the
United States and West Africa (WAF), fell to their lowest since July 2020
despite trans-Atlantic shipments rising to the highest since May 2022, said
Refinitiv analyst Raj Rajendran.
* 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.
* Exports from NWE to WAF in April tumbled to the lowest since March 2020 at
597,000 t, down from 1.45 million t in March.
* Nigerian President Muhammadu Buhari will commission the multi-billion
dollar
Dangote oil refinery in two weeks, a presidency spokesperson said on Sunday,
setting up the plant for its first production since construction started in
2016.
* Nigeria, Africa's biggest oil producer, sees the 650,000 barrels-per-day
refinery - being built by billionaire industrialist Aliko Dangote's Dangote
Group - as a solution to ending the country's reliance on imports for nearly all
of its refined petroleum products.
* According to Euroilstock data, European gasoline stocks stood at 111
million
barrels in April, up 1.8% from March, but down 2.6% compared with last year.
* 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
Barges
MOC
Platts
E5
(fob
ARA)
<EUROBOB
-ARA>
Ebob
Barges
E10
Platts(f
ob ARA)
Ebob Glencor BP
Barges e
Argus $802.25 $770.50
E5(fob (2KT) (7.9KT)
AR)
Ebob Shell, Varo,
Barges Gunvor, BP,
E10 $792-$8 $766.50 Total Exxon
Argus 01 (6KT)
(fob AR) (18.1KT
)
June
swap fob
ARA $756 $744.50
Premium Trafigu Total
Unleaded ra
(fob $800, $781-$78
ARA) $801 (9 2.50
<PU-10PP barges)
-ARA>
Cargoes June
(fob +$17
MED)
Cargoes
(cif
NWE)
Naphtha June
(cif -$4,
NWE) +$1
<NAF-C-N
WE>
Ebob crack (per barrel) $19.5 Prev. $15.7
Brent futures Rbob Rbob crack (Reporting by Shadia Nasralla; Editing by Krishna Chandra Eluri)
