News: UPDATE 1-Europe Gasoline/Naphtha-Gasoline margins slip despite US stockdraw

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    (Adds fresh trade info)

    LONDON, Aug 21 (Reuters) - Northwest European gasoline refining margins lost 33 cents to about $10.73 a barrel on Wednesday, even as U.S. gasoline inventories fell last week according to Energy Information Administration data.

    • A total of 16,000 metric tons of Eurobob E10 barges traded in the Argus window, with Vitol, Gunvor, Trafigura and Shell selling to BP, TotalEnergies, Varo and Vitol.

    • About 7,800 tons of Eurobob E5 traded, which Trafigura sold to BP, ExxonMobil and Garant ST.
    • U.S. gasoline stocks USOILG=ECI fell by 1.6 million barrels in the week to 220.6 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.9 million-barrel draw.​
    • U.S. Gulf Coast gasoline inventories fell by nearly 988,000 barrels to 79.1 million barrels in the week ended Aug. 16, the lowest seasonal level since 2019, according to data from the U.S. Energy Information Administration.
    • Stocks on the Atlantic coast fell by 1.1%, breaking a three-week run of stockbuilds. Rising stocks on the Atlantic coast could be impacting European exports, according to Jorge Molinero of Sparta Commodities.
    • "The decline in gas-naphtha continues to damage blending margins, and east coast inventories do not forecast large volumes to New York Harbor in the short term," he said.
    • EU and UK gasoline exports to all destinations have reached 1.23 million barrels per day (bpd) so far this month, just up from July's 1.18 million bpd, Kpler data showed.
    • Russian energy giant Rosneft ROSN.MM has resumed loadings of liquefied petroleum gas (LPG) from its Rospan unit following disruption caused by a fire last month, two industry sources told Reuters on Wednesday and commodity exchange data showed.
    			Trade	 Bid	  Offer	Prev.	Seller   Buyer 
     Ebob				 $736								 
    

    Barges MOC Platts E5 (fob ARA) Ebob Barges E10 Platts(fo b ARA) Ebob $742.50

     Barges	 $739.25-					(6.7KT)			
     Argus	  39.75										  
    

    E5(fob (7.8KT) AR)

     Ebob	   $728.25					 3KT	  Vitol,   BP, 
     Barges	 (16 KT)					 assesse  Gunvor,  Varo, 
     E10 Argus							  d at	 Shell,   Vitol, 
     (fob AR)							   $742.75  Trafigu  TotalE 
    
    												 ra	   nergie 
    														  s 
     Sept swap  $730.75					 $738.75			
    

    (fob ARA) Premium $741 Unleaded (fob ARA) Cargoes (fob MED) Cargoes (cif NW E) Naphtha Sep +$6 Sep (cif NW +$12 E)

    Ebob crack (per barrel) $10.73 Prev. $11.06 Brent futures LCOc1 Rbob RBc1 Rbob crack RBc1-CLc1

 
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