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Europe Gasoline/Naphtha-Gasoline cracks fall as U.S inventories rise

PUBLISHED: Wed, 24 Mar 2021 17:18:48 GMT

LONDON, March 24 (Reuters) – Benchmark northwest European gasoline margins fell to around $5.6 a barrel on Wednesday as U.S inventories rose. * U.S. gasoline stocks rose last week by 203,000 barrels to 232.3 million barrels, the Energy Information Administration said on Wednesday.​ * Refinery crude runs rose by 956,000 barrels per day in the week, EIA said. Refinery utilization rates rose by 5.5 percentage points in the week, bringing overall utilization to 81.6% of capacity. * Dozens of ships carrying everything from oil to consumer goods have been delayed by the grounding of a vessel in the Suez Canal, and companies may have to re-route cargoes around Africa if the blockage extends beyond 24 hours, shipping sources said. * Kpler said more than 20 oil tankers carrying crude and refined products were affected by the disruptions. Gasoline (in tonnes) Trades Bids Offers Prev. Sellers Buyers (vol.) Trades Ebob $603 Vitol Litasco Barges MOC Platts E5 (fob ARA) <EUROBOB -ARA> Ebob Barges E10 Platts(f ob ARA) Ebob WINTER:$5 $552-$56 Litasco GST, Barges 57.75 – 7 , Gunvor, Argus $570.25 Trafigu Finco E5(fob ra, AR) SUMMER: Shell $588.75 – $603.50 Ebob WINTER $575 Barges $566 – E10 $582.75 Argus (fob AR) SUMMER $613 – $613.25 April $610.25 $589.50 swap fob ARA Premium Unleaded (fob ARA) <PU-10PP -ARA> Cargoes Apr $2 Next (fob (Aspro Day MED) pyrgos $-1 ) (Milaz zo) Cargoes (cif NWE) Naphtha (cif NWE) <NAF-C-N WE> Ebob crack (per barrel) $5.661 prev. $6.507 Brent futures Rbob Rbob crack <RBc1-CLc1> (Reporting by Bozorgmehr Sharafedin)

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