Europe Gasoline/Naphtha-Gasoline cracks rise as exports pick up

Reuters05-03

LONDON, May 3 (Reuters) - Northwest European gasoline refining margins rose slightly to $23.2 a barrel on Friday after ARA stocks dropped with exports to North America gaining pace.

* A total of 10,000 metric tons of Eurobob E10 traded, with Shell, Exxon and Musket selling to Gunvor, Exxon and Mabanaft.

* Another 8,000 tons of E5 gasoline traded. Litasco, Shell and Glencore sold to ExxonMobil, Gunvor and Varo.

* ARA gasoline stocks slipped by over 3% to 1.02 million tons on rising exports to the United States and West Africa, according to Dutch consultancy Insights Global.

* Oil prices steadied on Friday after weaker-than-expected U.S. jobs data, but kept on course for their steepest weekly loss in three months, weighed by concerns about demand and high interest rates.

* Fire broke out at a primary oil refining unit of the Ryazan refinery operated by Russia's Rosneft on May 1, according to industry sources.

* U.S. gasoline stocks rose by 0.3 million barrels in the week to 227.1 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.1 million-barrel draw.​

Trade Bid Offer Prev. Buyer Seller

Ebob $915

Barges

MOC

Platts E5

(fob ARA)

<EUROBOB-

ARA>

Ebob

Barges

E10

Platts(fo

b ARA)

Ebob $896-$8 $896-$8 BP, Gunvor

Barges 96.25 99 Litasco

Argus (8KT)

E5(fob

AR)

Ebob $882-$8 $883-$8 P66, BP Varo,

Barges 82.25 84 Total

E10 Argus (10KT)

(fob AR)

June swap $862.50 $865.25

(fob ARA)

Premium $876 885.00- Vitol Trafigu

Unleaded $888.50 ra,

(fob ARA) (21 Litasco

<PU-10PP- barges)

ARA>

Cargoes May

(fob MED) +$15

Cargoes $908

(cif NEW) (Thames

)

Naphtha May +$6

(cif NEW)

<NAF-C-NW

E>

Ebob crack (per barrel) $23.15 Prev. $22.81

Brent futures

Rbob

Rbob crack

(Reporting by Ron Bousso; Editing by Kirsten Donovan)

((Ron Bousso email: ron.bousso@thomsonreuters.com Twitter: Tel.: +44 (0)207 542 2161 Reuters Messaging: ron.bousso.reuters.com@reuters.net))

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