Europe Gasoline/Naphtha-Gasoline cracks ease on stronger crude

LONDON, April 23 (Reuters) - Northwest European gasoline refining margins fell nearly 8% to $19.16 a barrel on Tuesday as underlying crude prices strengthened, though buoyant export activity capped losses.

  • A total of 14,000 metric tons of Eurobob E10 traded, and another 7,000 metric tons of E5 traded. Both trade volumes were higher than the previous session.
  • Trafigura and Varo sold the E5 barges to Varo, while Gunvor and Shell sold E10 to Varo and Trafigura.
  • Musket bought five premium unleaded barges from Varo.
  • European gasoline exports in April are on track to reach 1.18 million barrels per day, Kpler data showed, higher than March's 1.06 million bpd.
  • Russia's Orsk oil refinery resumed full operations early on Tuesday after flooding in the region caused a two-week suspension, two sources close to the matter told Reuters.
            Trade   Bid      Offer    Prev.    Buyer    Seller 
 Ebob                                                    

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

 Ebob                                 $902     Trafigu  TotalEn 
 Barges     $901.7                    (4KT)    ra,      ergies 
 Argus      5                                  Varo      
 E5(fob     (7KT)                                        

AR) Ebob $908.25 Gunvor, Varo,

 Barges     $897                      (4KT)    Shell    Trafigu 
 E10 Argus  (14KT)                                      ra 

(fob AR) May swap $908.5 $906.50 (fob ARA) 0

 Premium    $925                               Varo     Musket 
 Unleaded   (5                                           

(fob ARA) barges Cargoes May (fob MED) +$10 Cargoes (cif NWE) Naphtha (cif NWE) May

Ebob crack (per barrel) $19.16 Prev. $20.767 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1



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