LONDON, July 23 (Reuters) - Northwest European gasoline...

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    LONDON, July 23 (Reuters) - Northwest European gasoline refining margins rose by about 70 cents on the day on Tuesday to $14.09 a barrel as U.S. gasoline stockpiles fell.

    • About 9,000 metric tons of Eurobob E10 gasoline traded on barges as Gunvor and Shell sold to BP and Trafigura.
    • Another 2,000 tons of E5 barges traded as Mabanaft bought from Gunvor.
    • U.S. crude oil and gasoline inventories were expected to have declined last week, while distillate stockpiles were likely to have increased, an extended Reuters poll showed on Tuesday.
    • Analysts estimated stockpiles of gasoline USOILG=ECI fell about 400,000 barrels last week.
    • Crack spreads rose in Northwest Europe despite poor arbitrage economics for exports to the U.S.
    • "The RBOB arbitrage from Europe has remained closed since the beginning of July, and currently, the margin is negative for both blenders and refiners in Amsterdam-Rotterdam-Antwerp and Northwest Europe," Sparta Commodities' Jorge Molinero said in an online note.
    • Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will reinstate a ban on gasoline exports from Aug. 1 and that it is considering extending the restriction into the autumn.
    • The 124,000 barrel-per-day​ ISAB refinery in Sicily, Italy, has completed plant-wide maintenance works which began in late-April, according to IIR Energy.
    			Trade	 Bid	  Offer	Prev.	Buyer	Seller 
     Ebob													  
    

    Barges MOC Platts E5 (fob ARA) Ebob Barges E10 Platts(fo b ARA) Ebob $804.50 Mabanaf Gunvor

     Barges	 $804.75					 (5KT)	t		 
     Argus	  (2KT)										  
    

    E5(fob AR)

     Ebob	   $803.25					 $805.65  BP,	  Shell, 
     Barges	 (9KT)					   (5KT)	Trafigu  Gunvor 
     E10 Argus									   ra		
    

    (fob AR)

     August	 $793.25					 $800.50			
     swap (fob												 
    

    ARA)

     Premium	$798.75					 $804	 BP,	  Equino 
     Unleaded   (six						(six	 Musket   r, 
     (fob ARA)  barges)					 barges)		   Trafig 
     

    ARA> Cargoes Aug (fob MED) +$13

    					  (FOB								 
    					  Santa								
    					  Panagia							  
    					  ), Aug							   
    					  +$12								 
    					  (FOB								 
    					  Genoa)							   
     Cargoes												   
    

    (cif NW E) Naphtha Aug +$8 Balmo (cif NW +$9 E)

    Ebob crack (per barrel) $14.09 Prev. $13.39 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1

 
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