Europe Gasoline/Naphtha-Gasoline cracks dip despite European stock draw

Reuters05-03

LONDON, May 2 (Reuters) - Northwest European gasoline refining margins slipped to $21.67 a barrel on Thursday, even as European gasoline stocks dipped and oil edged back toward seven-week lows.

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

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

* 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 edged back towards the previous day's seven-week low on Thursday, paring earlier gains, after U.S. data pointed to persistent labour market strength and further dimmed prospects of an early decline in U.S. 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 $905.25 Litasco Gunvor,

Barges 99 -906 , Exxon,

Argus (8KT) (8KT) Shell, Mabanaf

E5(fob Glencor t

AR) e

Ebob $883-$8 $887.75 Shell, Varo,

Barges 84 (6KT) Exxon, Totsa

E10 Argus (10KT) Musket

(fob AR)

May swap $865.25 $875

(fob ARA)

Premium 885.00- $902-90 Litasco Trafigu

Unleaded $888.50 5 (5 , Varo, ra,

(fob ARA) (21 barges) Vitol Gunvor

<PU-10PP- barges)

ARA>

Cargoes May

(fob MED) +$15

Cargoes

(cif NEW)

Naphtha May +$6

(cif NEW)

<NAF-C-NW

E>

Ebob crack (per barrel) $21.674 Prev. $23.184

Brent futures

Rbob

Rbob crack

(Reporting by Noah Browning;Editing by Elaine Hardcastle)

((Noah.Browning@thomsonreuters.com))

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