News: Europe Gasoline/Naphtha-Gasoline cracks rise on stronger exports

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    LONDON, April 16 (Reuters) - Northwest European gasoline refining margins rose by nearly $2 to above $23 a barrel on Tuesday, buoyed by higher export demand.

    • A total of 10,000 metric tons of Eurobob E10 traded, and another 10,000 metric tons of E5 traded.
    • European gasoline exports in April are on track to reach 1.28 million barrels per day this month, Kpler data showed, up from 1.08 million bpd in March. Exports to West Africa this month are expected to reach over 300,000 bpd, broadly in line with March levels, the data showed.
    • Russia has been able to swiftly repair some of key oil refineries hit by Ukrainian drones, reducing capacity idled by the attacks to about 10% from almost 14% at the end of March, Reuters calculations showed.
    • Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a fuel export ban, data from industry sources and Reuters calculations showed.
    			Trade   Bid	  Offer	Prev.	Buyer	Seller 
     Ebob													
    

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

     Ebob	   $951.2					$942-$9  BP,	  Varo, 
     Barges	 5						 42.75	Mabanaf  Shell, 
     Argus	  (10KT)					(4KT)	t,	   TotalEn 
     E5(fob										Trafigu  ergies 
    

    AR) ra

     Ebob	   $946.8					$941.75  Shell	ExxonMo 
     Barges	 5						 -$945.7		   bil, 
     E10 Argus  (10KT)					5				 Varo, 
     (fob AR)							 (23KT)			TotalEn 
    														ergies 
     May swap							 $934			   
    

    (fob ARA)

     Premium	$968-$					$959	 Vitol	Gunvor 
     Unleaded   978										  
    

    (fob ARA) Cargoes May (fob MED) +$10 Cargoes (cif NWE) Naphtha April (cif NWE) -$1

    Ebob crack (per barrel) $23.14 Prev. $21.331 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1

 
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