off-the-wire

Europe Gasoline/Naphtha-Cracks rise despite higher ARA stocks

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 11 (Reuters) - Northwest European gasoline refining margins rose to about $21.50 a barrel on Thursday, even as regional stocks rose, as a larger than expected drop in U.S. inventories last week continued to offer support.


* Gasoline stocks in the Amsterdam-Rotterdam-Antwerp hub rose nearly 9% to 1.43 million tonnes in the week to Thursday amid slowing exports, data from Dutch Consultancy Insights Global showed.
* U.S. gasoline stocks fell last week by 3.2 million barrels in the week to 219.7 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.2 million-barrel drop.
* China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said on Thursday, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.? 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 $819.2 $820.75 Glencor Exxon, Barges 5 (assesse e Varo Argus (3.5KT) d)
E5(fob
AR)
Ebob $820.25 $805.25 Totsa, BP, Barges (12.6KT -$811 Sahara, Exxon, E10 ) Shell, Varo Argus Glencor
(fob AR) e
June $782.50
swap fob $773
ARA
Premium $813 $813-$81
Unleaded 4
(fob
ARA)
<PU-10PP
-ARA>
Cargoes
(fob
MED)
Cargoes
(cif
NWE)
Naphtha
(cif
NWE)
<NAF-C-N
WE>



Ebob crack (per barrel) $21.50 Prev. $20.65 Brent futures Rbob Rbob crack (Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan)

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