News: Europe Gasoline/Naphtha-Gasoline margins rise as ARA stocks fall

LONDON, Aug 8 (Reuters) - Northwest European gasoline refining margins rose by around 20 cents to $13.23 a barrel on Thursday supported by a drop in regional stocks.

• Three Eurobob E10 barges traded in the Argus window, with Sahara and Musket selling to Equinor and BP.
• Five barges of Eurobob E5 traded in the Argus window. Vitol, Trafigura and Petroineos sold to Mabanaft and BP.
• Independently held refined oil products stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 1.5% in the week to Thursday, data from Dutch consultancy Insights Global showed.
• Total stocks stood at 5.73 million metric tons, their lowest since Feb. 22.
• Gasoline stocks fell by nearly 6% to about 1.01 million metric tons, as transatlantic exports, particularly to the United States, rose, Insight Global's Lars van Wageningen said.
• 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.​
• Economics for gasoline exports from Europe to the U.S. East Coast remain weak, Sparta Commodities analyst Philip Jones-Lux said in a note.
• At the same time, exports from the U.S. Gulf Coast remain high, putting further pressure on European gasoline, he said.
• "Gasoline exports from Northwest Europe and West Mediterranean reached a 6-month high of 3.48 million tons in July after averaging between 2.5 million tons and 2.8 million tons in the previous five months, as summer driving season grew requirements from the US," LSEG analyst Abdul Hadhi said.

			Trade	 Bid	  Offer	Prev.	Seller   Buyer 
 Ebob													  

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

 Ebob	   $784						$763.50  Petroin  BP, 
 Barges	 (8.8KT)							  eos,	 Mabana 
 Argus										   Vitol,   ft 

E5(fob Trafigu AR) ra

 Ebob	   $782						$762,	Sahara,  Equino 
 Barges	 (6KT)					   $774.50  Musket   r, BP 
 E10 Argus												 

(fob AR) Sept swap $779.75 $775.75 (fob ARA)

 Premium	$798-$79					$788	 Litasco  Trafig 
 Unleaded   9 (8								 , Shell  ura 

(fob ARA) barges) Cargoes (fob MED)

 Cargoes	$835.25   Aug						Gunvor   Vitol 
 (cif NW	(Thames)  -$3.50							   

E) Naphtha (cif NW E)

Ebob crack (per barrel) $13.23 Prev. $13 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1