News: Europe Gasoline/Naphtha-Gasoline margins extend gains

LONDON, Aug 1 (Reuters) - Northwest European gasoline refining margins rose by 72 cents a barrel on Thursday to $16.40 even as regional inventories increased, as a larger than expected stockdraw in the U.S. supported arbitrage economics.

• A total of 5,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell selling to BP.
• Another 8,000 tons of Eurobob E10 traded in the Argus window, with Shell and Varo selling to ExxonMobil, TotalEnergies and Musket.
• Independently held gasoline stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub stood at about 1.07 million metric tons, rising 3.6% on the week, data from Dutch consultancy Insights Global showed.
• Gasoline stocks rose despite a small rise in exports to the U.S. and West Africa, as more naphtha was added to gasoline blending tanks, Insight Global's Lars van Wageningen said.
• U.S. gasoline stocks USOILG=ECI fell by 3.7 million barrels last week to 223.8 million barrels, according to the Energy Information Administration (EIA).
• EU and UK gasoline and gasoline component exports have reached about 1.22 million barrels per day in July, up from 1.11 million bpd in June, according to Kpler data.
• Motiva Enterprises was continuing repairs to the shut gasoline-producing fluidic catalytic cracker (FCC) at its 626,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, people familiar with plant operations said.
• Motiva hopes to restart the 81,000-bpd FCC later this week, the sources said.

			Trade	 Bid	  Offer	Prev.	Seller   Buyer 
 Ebob													  

Barges MOC Platts E5 (fob ARA) Ebob Barges E10 Platts(fo b ARA)

 Ebob	   $812						$804.5-  Shell	BP 
 Barges	 (5KT)					   806				
 Argus								  (9KT)			  

E5(fob AR)

 Ebob	   $809.56					 $801.50  Shell,   ExxonM 
 Barges	 (8KT)					   (2KT+1K  Varo	 obil, 
 E10 Argus							  T				 TotalE 
 (fob AR)							   assesse		   nergie 
										d)				s, 
														  Musket 
 Sept swap  $795.50					 $814.50			

(fob ARA)

 Premium	$804 (9					 $823 (4  Musket,  Trafig 
 Unleaded   barges)					 barges)  Litasco  ura 

(fob ARA) Cargoes Aug +$9 Aug (fob MED) +$12 Cargoes $861 (cif NW E) Naphtha (cif NW Aug (2-6 E) pricing)

Ebob crack (per barrel) $16.40 Prev. $15.68 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1