LONDON, Aug 9 (Reuters) - Northwest European gasoline refining margins fell by around 72 cents to $13.52 a barrel on Friday, closing the week around 21% lower, as expectations of slowing exports offset falling inventories.
- A total of 5,000 metric tons of Eurobob E10 barges traded in the Argus window, with Gunvor and Musket selling to Equinor and Varo.
- A further 5,800 tons of Eurobob E5 barges traded in Friday's session, which Trafigura sold to Varo, Mabanaft and BP.
- European gasoline exports could slow down this month, according to LSEG analyst Abdul Hadhi.
- "Flows to the U.S. will lessen amid higher domestic stocks and as summer driving season requirements start to wane... LSEG Oil Research believes full month volume will be less than the 6-month high of 3.38 million metric tons in July."
- Independently held gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 6% to about 1.01 million metric tons, data from Dutch consultancy Insights Global showed.
- In the U.S., gasoline stocks rose by 1.3 million barrels last week to 225.1 million barrels, EIA data showed, compared with expectations for a 1 million-barrel draw.
- Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October, according to data, analysts and industry sources.
Trade Bid Offer Prev. Seller Buyer EbobBarges MOC Platts E5 (fob ARA)
Ebob Barges E10 Platts(fo b ARA) Ebob $784 Trafigu BP, Barges $787 (8.8KT) ra Mabana Argus (5.8KT) ft, E5(fob VaroAR)
Ebob $782 Gunvor, Varo, Barges $784 (6KT) Musket Equino E10 Argus (5KT) r(fob AR) Sept swap $785.25 $779.75 (fob ARA)
Premium $801-804 $798-$7 Musket, Trafig Unleaded (13 99 (8 Litasco ura(fob ARA) barges) barges)
Cargoes (fob MED) Cargoes $834 $835.25 (cif NWE) Naphtha (cif NW E)
Ebob crack (per barrel) $13.52 Prev. $14.24 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
