News: Europe Gasoline/Naphtha-Gasoline cracks rise as exports set to rise

LONDON, April 30 (Reuters) - Northwest European gasoline refining margins edged higher to $22.70 a barrel on Tuesday as overseas demand was set to increase ahead of the summer driving season.

• A total of 10,000 metric tons of Eurobob E10 traded, with Shell selling to Total and Trafigura.
• Another 6,000 tons of E5 gasoline traded. Trafigura and Varo sold to BP and Litasco.
• The gasoline export arbitrage from northwest Europe to North America was open for refiners, allowing a baseline of cargoes to be booked on the route, Sparta analyst Oliver Nicholson said.
• 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	   $915								Musket   Trafigu 
 Barges												  ra 

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

 Ebob	   $928.50					$930.75  Trafigu  Litasco 
 Barges	 ,						  -$933.7  ra,	  , BP 
 Argus	  $932.25					5 (8KT)  Varo	  
 E5(fob												   

AR)

 Ebob	   $917.50					$926.50  Shell	Total, 
 Barges	 ,						  -$932.2		   Trafigu 
 E10 Argus  $925.50					5 (6KT)		   ra 
 (fob AR)												 

May swap $914 $930 (fob ARA)

 Premium	$923-$9					$939-$9  Litasco  Gunvor, 
 Unleaded   25						 43 (5	, Varo,  Trafigu 

(fob ARA) barges) Vitol ra Cargoes May +$2 (fob MED) Cargoes $961 (cif NEW) (Thames

							  )						   
 Naphtha			 May	  May						 
 (cif NEW)		   +$10	 +$13						
 
 E>													   
	   Ebob crack (per barrel)   $22.760		Prev. $22.720  Brent futures			  LCOc1   Rbob					   RBc1   Rbob crack				 RBc1-CLc1