News: Europe Gasoline/Naphtha-Gasoline margins drop amid weak demand

LONDON, June 17 (Reuters) - Northwest European gasoline refining margins fell below $11 a barrel on Monday, as refiners face a drop in demand ahead of the peak summer driving season.

• No barges of Eurobob E10 traded.
• Only one barge of Eurobob E5 gasoline traded, with BP selling to Trafigura.
• Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production.
• Gasoline deliveries from Nigeria's huge and strategically important Dangote refinery are delayed until July, Aliko Dangote told Nigerian media this week.
• Total ARA stock levels stood at 6.356 million metric tons in the week to Thursday, according to data from Dutch consultancy Insights Global.
• The weekly rise was driven by a 27% jump in gasoline inventories to 1.13 million tons.

			Trade	 Bid	  Offer	Prev.	Buyer	Seller 
 Ebob								   $800			   

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

 Ebob	   $793						$794.75  BP	   Trafig 
 Barges								 -$795.5		   ura 
 Argus								  0				  

E5(fob (10KT) AR) Ebob $800.50 Barges (5KT) E10 Argus (fob AR) July swap $807.75 $803.75 (fob ARA) Premium $796 Unleaded (fob ARA) Cargoes (fob MED) Cargoes $852 (cif NEW) (Thames

							   )						   
 Naphtha			  July	 June						
 (cif NEW)			flat	 +$6						 
 
 E>														
	   Ebob crack (per barrel)   $10.83		 Prev. $12.74  Brent futures			  LCOc1   Rbob					   RBc1   Rbob crack				 RBc1-CLc1