Europe Gasoline/Naphtha-Margins firm as Atlantic basin inventories fall

Frontline

28/12/2023 17:36

LONDON, Dec 28 (Reuters) - Northwest European gasoline
refining margins rose to about $7.85 a barrel on Thursday amid a
fall in inventories on both sides of the Atlantic.
    * Gasoline stocks held in independent storage in the
Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub 
dropped by 6.5% in the week to 919,000 metric tons, data from
Dutch consultancy Insights Global showed on Thursday.
    * U.S. gasoline stocks  USOILG=ECI  fell by 669,000 barrels,
Energy Information Administration data showed, compared with
analysts' expectations in a Reuters poll for a 208,000-barrel
rise.
    * A total of 10,000 tons of Eurobob E5 barges traded, down
from
12,000 tons the previous session. Varo sold to Trafigura and BP.
    * Another 21,000 tons of Eurobob E10 traded, up from 12,000
tons,
as Exxon and Shell sold barges to Total, BP and Varo.



            Trades   Bids     Offers   Prev.    Sellers  Buyers
            (vol.)                     Trades            
 Ebob                                                    
 Barges                                                  
 MOC                                                     
 Platts E5                                               
 (fob ARA)                                               
                                                     
 Ebob                                                    
 Barges                                                  
 E10                                                     
 Platts(fo                                               
 b ARA)                                                  
 Ebob       $730.30                    $737-$7  Varo     Trafigu
 Barges     (10KT)                     39.50             ra, BP
 Argus                                                   
 E5(fob                                                  
 AR)                                                     
 Ebob       $734.45                    $733-$7  Shell,   Totsa,
 Barges     (21KT)                     47       Exxon    Varo,
 E10 Argus                                               BP
 (fob AR)                                                
 Jan. swap   $733.5                    $745              
 fob ARA    0                                            
 Premium    $805                       $817     Totsa    Trafigu
 Unleaded                                                ra
 (fob ARA)                                               
                                                     
 Cargoes                                                 
 (fob MED)                                               
 Cargoes                               $812              
 (cif NEW)                             (cif              
                                       Thames)           
 Naphtha             Jan +$8  Jan                        
 (cif NEW)                    +$10                       
                                                       
 
     
 Ebob crack (per barrel)   $7.85          Prev. $7.07
 Brent futures              LCOc1 
 Rbob                       RBc1 
 Rbob crack                 RBc1-CLc1 
 
 (Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan)
 ((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters
Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))