LONDON, July 23 (Reuters) - Northwest European gasoline refining margins rose by about 70 cents on the day on Tuesday to $14.09 a barrel as U.S. gasoline stockpiles fell.
- About 9,000 metric tons of Eurobob E10 gasoline traded on barges as Gunvor and Shell sold to BP and Trafigura.
- Another 2,000 tons of E5 barges traded as Mabanaft bought from Gunvor.
- U.S. crude oil and gasoline inventories were expected to have declined last week, while distillate stockpiles were likely to have increased, an extended Reuters poll showed on Tuesday.
- Analysts estimated stockpiles of gasoline USOILG=ECI fell about 400,000 barrels last week.
- Crack spreads rose in Northwest Europe despite poor arbitrage economics for exports to the U.S.
- "The RBOB arbitrage from Europe has remained closed since the beginning of July, and currently, the margin is negative for both blenders and refiners in Amsterdam-Rotterdam-Antwerp and Northwest Europe," Sparta Commodities' Jorge Molinero said in an online note.
- Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will reinstate a ban on gasoline exports from Aug. 1 and that it is considering extending the restriction into the autumn.
- The 124,000 barrel-per-day ISAB refinery in Sicily, Italy, has completed plant-wide maintenance works which began in late-April, according to IIR Energy.
Trade Bid Offer Prev. Buyer Seller EbobBarges MOC Platts E5 (fob ARA)
Ebob Barges E10 Platts(fo b ARA) Ebob $804.50 Mabanaf Gunvor Barges $804.75 (5KT) t Argus (2KT)E5(fob AR)
Ebob $803.25 $805.65 BP, Shell, Barges (9KT) (5KT) Trafigu Gunvor E10 Argus ra(fob AR)
August $793.25 $800.50 swap (fobARA)
Premium $798.75 $804 BP, Equino Unleaded (six (six Musket r, (fob ARA) barges) barges) TrafigARA> Cargoes Aug (fob MED) +$13
(FOB Santa Panagia ), Aug +$12 (FOB Genoa) Cargoes(cif NW E) Naphtha Aug +$8 Balmo (cif NW +$9 E)
Ebob crack (per barrel) $14.09 Prev. $13.39 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
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