LONDON, Aug 2 (Reuters) - Northwest European gasoline refining margins rose sharply to $19.50 a barrel on Friday following a sharp sell-off in crude prices as regional stocks rose.
- A total of 18,500 metric tons of Eurobob E10 barges traded in the Argus window, with Shell, Musket, Varo and Trafigura selling to Mabanaft, TotalEnergies and Varo.
- Another 17,000 tons of Eurobob E5 traded in the Argus window, with Shell and Trafigura selling to ExxonMobil, Mabanaft and BP.
- 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.
- Gasoline demand has been weak in Europe so far this summer, weighing on refining margins, according to Shell executives.
- 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.
Trade Bid Offer Prev. Seller Buyer EbobBarges MOC Platts E5 (fob ARA)
Ebob Barges E10 Platts(fo b ARA) Ebob $797.50- $812 Shell, Exxon, Barges $805.50 (5KT) Trafigu Mabana Argus ra ft, BP E5(fobAR)
Ebob $771-$80 $809.56 Varo, Mabana Barges 4.50 (8KT) Shell, ft, E10 Argus Trafigu Total,(fob AR) ra, Varo Musket Sept swap $762.25 $795.50(fob ARA)
Premium $779, $804 (9 BP, Trafig Unleaded $782 barges) Musket ura(fob ARA)
Cargoes Aug +$9 Aug (fob MED) +$12 Cargoes $821 (cif NW E) Naphtha (cif NW E) Ebob crack (per barrel) $19.50 Prev. $16.50 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1
