Europe Gasoline/Naphtha-Gasoline gains on strong U.S. demand

PUBLISHED: Tue, 06 Apr 2021 16:37:52 GMT
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LONDON, April 6 (Reuters) – Benchmark northwest European gasoline margins rose to above $11 a barrel on Tuesday, supported by strong demand from the United States. * Weekly exports to North America reached around 110,000 tonnes, the latest Refinitiv Eikon data showed. * Exports reached 1.3 million tonnes in March, the highest since July 2019, according to the data. * Exports to West Africa reached 1.24 million tonnes last month. * U.S. weekly gasoline stocks fell by 1.7 million barrels last week, the latest Energy Information Administration data showed. * Global energy trader Vitol suffered an $85 billion fall in revenue last year, but its profits were boosted as trading plays offset the impact of the COVID-19 pandemic on oil demand and prices. ​ Gasoline (in tonnes) Trades Bids Offers Prev. Sellers Buyers (vol.) Trades Ebob Barges MOC Platts E5 (fob ARA) <EUROBOB -ARA> Ebob Barges E10 Platts(f ob ARA) Ebob $614-$623 $620.75- Shell, Varo, Barges .25 $622.75 Total, Gunvor Argus (6.8KT) Vitol E5(fob AR) Ebob $620-$624 Shell Gunvor, Barges (10KT) Varo E10 Argus (fob AR) April $618.50 swap fob ARA Premium $624 (4 $619-$62 Unleaded barges) 0 (fob ARA) <PU-10PP -ARA> Cargoes (fob MED) Cargoes $630 $633 (cif (cif (cif NWE) Thames Thames ) ) Naphtha (cif NWE) <NAF-C-N WE> Ebob crack (per barrel) $11.147 prev. $10.234 Brent futures Rbob Rbob crack <RBc1-CLc1> (Reporting by Ahmad Ghaddar; Editing by Ramakrishnan M.)

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