News: Europe Gasoline/Naphtha-Gasoline margins slide on inventory rise

LONDON, July 25 (Reuters) -

Northwest European gasoline refining margins fell by nearly $2 a barrel on Thursday to $12.39, their lowest since early July, as regional inventories rose.

• Shell sold one Eurobob E10 gasoline barge to TotalEnergies.

• Another 2,000 metric tons of E5 barges traded as Mabanaft bought from Gunvor.

• Independently held gasoline stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 3.1% in the week to Thursday, data from Dutch consultancy Insights Global showed.

• Gasoline stocks stood at about 1.03 million metric tons, rising on slowing exports to the United States and West Africa, Insight Global's Lars van Wageningen said, adding that blending demand was buoyant.

• U.S. gasoline stocks USOILG=ECI fell by 5.6 million barrels last week to 227.4 million barrels, the Energy Information Administration said, far exceeding expectations in a Reuters poll for a 400,000-barrel draw.

• EU and UK gasoline and gasoline component exports have reached about 1.28 million barrels per day so far this month, up from 1.14 million bpd in June, according to Kpler data.

			Trade	 Bid	  Offer	Prev.	Buyer	Seller 
 Ebob	   $800-$80							 Shell	Varo 
 Barges	 1 (two										 

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

 Ebob	   $793.25					 $809.25  Gunvor   Mabana 
 Barges	 (2KT)					   (4KT)			 ft 
 Argus													 

E5(fob AR)

 Ebob	   $798.25					 Argus	Shell	TotalE 
 Barges	 (3KT)					   assesse		   nergie 
 E10 Argus							  s 3kt			 s 
 (fob AR)							   at				 

										$805.75			
 August	 $800						$804.50			
 swap (fob												 

ARA)

 Premium	$808 (3					 $809-$8  Trafigu  BP 
 Unleaded   barges)					 15 (8	ra		

(fob ARA) barges) Cargoes fob Med (fob MED) +$13(Ge

					  noa)								 
 Cargoes												   

(cif NW E)

 Naphtha			  Aug.	 July						
 (cif NW			  17-30	+$8						 

E) +$8

Ebob crack (per barrel) $12.39 Prev. $14.26 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1