Europe Gasoline/Naphtha-Gasoline refining margins firm as US stocks drop

رويال داتش شل

Shell Plc Sponsored ADR

SHEL

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- Northwest European gasoline refinery margins rose by about $2.50 a barrel to $23.78 a barrel on Thursday, supported by lower U.S. inventories and brisk trading activity, despite a rise in regional motor fuel inventories.

  • About 35,000 metric tons of E5 gasoline barges traded in the Argus window as BP, Exxon Mobil and Trafigura sold to TotalEnergies, Gunvor and Varo.

  • A further 4,000 tons of E10 gasoline barges traded with Exxon and Varo, which bought from Trafigura.

  • Total oil product stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell around 1% on the week to their lowest since November 2014, data from Dutch consultancy Insights Global showed on Thursday. ARA/

  • Total stocks stood at 4.42 million metric tons and fell due to a drop in all product stocks except for gasoline.

  • Gasoline stocks rose 7.5% to 1.11 million tons as blending activity in the region picked up, Insights Global's Lars van Wageningen said.

  • U.S. gasoline stocks USOILG=ECI fell by 2.6 million barrels last week to 211.6 million barrels, the Energy Information Administration said, compared with analysts' expectation in a Reuters poll for a 2.41 million-barrel draw.​

  • Meanwhile, EU-27 and UK gasoline and blending component exports have averaged 804,600 barrels per day so far this month, compared with an average of 955,000 bpd in April, Kpler data showed.

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Ebob Barges MOC Platts E5

(fob ARA)




Ebob Barges E10 Platts (fob ARA)



Ebob Barges Argus E5 (fob ARA)

$984.25(35KT)



$977.00 (24KT)

BP, Exxon Mobil, Trafigura

Totsa, Gunvor, Varo

Ebob Barges E10 Argus (fob ARA)

$982.50 (4KT)



$978.00 (3KT assessed)

Trafigura

Exxon, Varo

June swap

$976.50



$974.75



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$23.78

Prev. $21.25

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