LONDON, June 19 (Reuters) - Northwest European gasoline refining margins rose on Wednesday to $12.69 a barrel as few cargoes traded hands and despite crude prices standing at seven-week highs.
- 4,000 metric tons of Eurobob E5 traded on Wednesday, with Gunvor and Vitol selling to Exxon and Mabanaft, while no barges of Eurobob E10 traded.
- Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose.
- U.S. oil refiners are expected to have about 118,000 barrels per day (bpd) of capacity offline in the week ending June 21, decreasing available refining capacity by 21,000 bpd, research company IIR Energy said on Wednesday.
- China automakers are urging Beijing to raise tariffs on large gasoline vehicles imported from the EU, Chinese state media reported.
- Russia is mulling an extension of gasoline-export permission beyond June, according to Bloomberg News.
Trade Bid Offer Prev. Buyer Seller EbobBarges MOC Platts E5 (fob ARA)
Ebob Barges E10 Platts(fo b ARA) Ebob $821.50- $816.25 Gunvor, Exxon, Barges $821.75 (assess Vitol Mabana Argus (4KT) ed) ft E5(fobAR)
Ebob $826.50 $814 Barges (assesse (assess E10 Argus d) ed)(fob AR) July swap $832.20 $822 (fob ARA) Premium $824 Unleaded (fob ARA)
Cargoes July (fob MED) +$3 Cargoes (cif NEW) Naphtha July July (cif NEW) +$8 +$8E>
Ebob crack (per barrel) $12.694 Prev. $12.295 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
