News: Europe Gasoline/Naphtha-Gasoline cracks rise as crude prices continue slide

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    LONDON, May 23 (Reuters) - Northwest European gasoline refining margins rose to $21.11 a barrel on Thursday as crude oil prices fell for a fourth straight session.

    • Around 8,000 metric tons of Eurobob E10 traded, up from 4,000 tons in the previous session, with Shell selling to Equinor, TotalEnergies and Varo.
    • A total of 14,000 tons of Eurobob E5 traded in the Argus window, with Shell, BP and TotalEnergies selling to Gunvor, Mabanaft and GST, up from 12,000 tons traded on Wednesday.
    • Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 1% to 2.34 million tons during the week to Thursday, data from Dutch consultancy Insights Global showed.
    • Oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world's biggest oil market.
    • U.S. government forecasters said on Thursday the 2024 Atlantic hurricane season is shaping up to be "extraordinary" where past experience with tropical storms cannot serve as a prologue.
    • U.S. gasoline stocks fell last week by 945,000 barrels to 226.8 million barrels, EIA data showed, more than forecasts for a 729,000-barrel draw.​
    			Trade	 Bid	  Offer	Prev.	Buyer	Seller 
     Ebob													  
    

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

     Ebob	   $841.50-					$839.75  Shell,   Gunvor 
     Barges	 $843.50					 -$844.5  BP,	  , 
     Argus	  (14KT)					  0		Totsa	Mabana 
     E5(fob												   ft, 
    

    AR) GST

     Ebob	   $834-$83					$833.75  Shell	Equino 
     Barges	 8 (8KT)					 ,				 r, 
     E10 Argus							  $834.25		   Totsa, 
     (fob AR)												 Varo 
    

    June swap $838.50 $842.50 (fob ARA)

     Premium	$836-$84					$847	 Trafigu  Totsa 
     Unleaded   0									ra,	   
    

    (fob ARA) Musket Cargoes (fob MED) Cargoes (cif NEW)

     Naphtha			  June	 June						
     (cif NEW)			+$4	  +$3						 
     

    E>

    Ebob crack (per barrel) $21.107 Prev. $19.922 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1

 
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