LONDON, Aug 1 (Reuters) - Northwest European gasoline refining margins rose by 72 cents a barrel on Thursday to $16.40 even as regional inventories increased, as a larger than expected stockdraw in the U.S. supported arbitrage economics.
- A total of 5,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell selling to BP.
- Another 8,000 tons of Eurobob E10 traded in the Argus window, with Shell and Varo selling to ExxonMobil, TotalEnergies and Musket.
- Independently held gasoline stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub stood at about 1.07 million metric tons, rising 3.6% on the week, data from Dutch consultancy Insights Global showed.
- Gasoline stocks rose despite a small rise in exports to the U.S. and West Africa, as more naphtha was added to gasoline blending tanks, Insight Global's Lars van Wageningen said.
- U.S. gasoline stocks USOILG=ECI fell by 3.7 million barrels last week to 223.8 million barrels, according to the Energy Information Administration (EIA).
- EU and UK gasoline and gasoline component exports have reached about 1.22 million barrels per day in July, up from 1.11 million bpd in June, according to Kpler data.
- Motiva Enterprises was continuing repairs to the shut gasoline-producing fluidic catalytic cracker (FCC) at its 626,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, people familiar with plant operations said.
- Motiva hopes to restart the 81,000-bpd FCC later this week, the sources said.
Trade Bid Offer Prev. Seller Buyer EbobBarges MOC Platts E5 (fob ARA)
Ebob Barges E10 Platts(fo b ARA) Ebob $812 $804.5- Shell BP Barges (5KT) 806 Argus (9KT)E5(fob AR)
Ebob $809.56 $801.50 Shell, ExxonM Barges (8KT) (2KT+1K Varo obil, E10 Argus T TotalE (fob AR) assesse nergie d) s, Musket Sept swap $795.50 $814.50(fob ARA)
Premium $804 (9 $823 (4 Musket, Trafig Unleaded barges) barges) Litasco ura(fob ARA)
Cargoes Aug +$9 Aug (fob MED) +$12 Cargoes $861 (cif NW E) Naphtha (cif NW Aug (2-6 E) pricing) Ebob crack (per barrel) $16.40 Prev. $15.68 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
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LONDON, Aug 1 (Reuters) - Northwest European gasoline refining...
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