LONDON, April 10 (Reuters) - Northwest European gasoline refining margins slightly declined on Wednesday to about $20.56 a barrel following a surprise rise in U.S. inventories last week.
- A total of 4,000 metric tons of Eurobob E10 traded, with BP selling to ExxonMobil and BMW.
- One barge of 1,100 tons of Eurobob E5 barges traded.
- U.S. gasoline stocks rose last week by 700,000 barrels to 228.5 million barrels, the EIA said, compared with forecasts for a 1.3 million-barrel draw.
- Nigeria's state oil company NNPC owes around $3 billion to fuel traders for imported petrol, three sources told Reuters, as the tumbling naira currency and rising global fuel prices have increased the effective subsidy it is paying.
- Total gasoline exports from Northwest Europe and the West Mediterranean reached 2.33 million tons in March, down from 2.6 million tons in February, despite rises to major outlets in the U.S. and West Africa, according to LSEG data.
Trade Bid Offer Prev. Buyer Seller EbobBarges MOC Platts E5 (fob ARA)
Ebob Barges E10 Platts(fo b ARA) Ebob $923.2 $926.25 BP BMW Barges 5 (4KT) ArgusE5(fob AR)
Ebob $920.5 $923.75 BP Exxon, Barges 0, (8 KT) Varo E10 Argus $923.5(fob AR) 0 May swap $919 $919 (fob ARA) Premium $964 Unleaded (fob ARA)
Cargoes May +$4 (fob MED) Cargoes (cif NWE) Naphtha April April (cif NWE) +$7 flatE>
Ebob crack (per barrel) $20.56 Prev. $20.8 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
