Europe Gasoline/Naphtha-Gasoline gains on strong exports

PUBLISHED: Thu, 01 Apr 2021 13:02:40 GMT

LONDON, April 1 (Reuters) – Benchmark northwest European gasoline margins rose on Thursday, supported by a rise in exports to the United States where inventories dropped sharply last week. * Gasoline exports to North America reached 1.3 million tonnes in March, the highest since July 2019, according to Refinitiv data. * Exports to West Africa reached 1.24 million tonnes last month, according to the data. * U.S. gasoline stocks fell by 1.7 million barrels last week, compared with analysts’ expectations for a 730,000-barrel gain, Energy Information Administration data showed. * A small fire broke out in Exxon Mobil’s refinery in Antwerp, Belgium, on Wednesday, the firm said on its Twitter account, and was quickly extinguished by the fire service. * Renewed lockdown restrictions in Europe and slower-than-expected vaccine rollouts are likely to check a global recovery in fuel demand. ​ Gasoline (in tonnes) Trades Bids Offers Prev. Sellers Buyers (vol.) Trades Ebob $620 Barges MOC Platts E5 (fob ARA) <EUROBOB -ARA> Ebob Barges E10 Platts(f ob ARA) Ebob $620.75-$ $618.5-$ Vitol, Mabanaf Barges 622.75 621.5 Shell t, Argus (5.7KT) Litasco E5(fob AR) Ebob $624-$62 Barges 4.5 E10 (5.5KT) Argus (fob AR) April $621 swap fob ARA Premium $619-$620 $631-$63 Litasco Total Unleaded 7 (24 (fob barges) ARA) <PU-10PP -ARA> Cargoes (fob MED) Cargoes $629 (cif (Thame NWE) s) Naphtha (cif NWE) <NAF-C-N WE> Ebob crack (per barrel) $11.28 prev. $10.22 Brent futures Rbob Rbob crack <RBc1-CLc1> (Reporting by Ron Bousso; Editing by Aditya Soni)

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