LONDON, April 25 (Reuters) - Northwest European gasoline refining margins extended gains on Thursday rising to about $22.70 a barrel, despite higher regional stocks, buoyed by rising export demand.
- A total of 18,000 metric tons of Eurobob E10 traded, bought entirely by TotalEnergies from Shell and Sahara.
- Another 8,000 tons of E5 gasoline traded. Trafigura, Varo and Litasco sold to Litasco, ExxonMobil and TotalEnergies.
- Vitol and Varo sold eight premium unleaded barges to Musket and Trafigura.
- Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7.5% during the week to Thursday, data from Dutch consultancy Insights Global showed.
- Gasoline stocks partially recovered after a 13% drop the previous week, rising to 1.1 million tons.
- Gasoline stocks rose as exports to West Africa slowed, with just one tanker leaving the Northwest European hub on that route, Insights Global's Lars van Wageningen said.
- Meanwhile, U.S. gasoline stocks fell last week by 600,000 barrels to 226.7 million barrels, the EIA said, compared with forecasts for a 1.8 million-barrel draw.
- European gasoline exports in April are on track to reach 1.11 million barrels per day, Kpler data showed, higher than March's 1.02 million bpd.
Trade Bid Offer Prev. Buyer Seller
Ebob
Barges MOC Platts E5 (fob ARA)
Ebob $930 $916.75 Trafigu Litasco Barges (8KT) -$919.5 ra, , Argus 0 Varo, ExxonMo E5(fob Litasco bil,
AR) TotalEn
ergies
Ebob $922 $912.25 Shell, TotalEn
Barges (18KT) -$912.5 Sahara ergies
E10 Argus 0
(fob AR) May swap $914 $917 (fob ARA)
Premium $925-$ $932-$9 Vitol, Trafigu Unleaded 933 (8 33 Varo ra, (fob ARA) barges Musket
Ebob crack (per barrel) $22.68 Prev. $19.50 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
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