Europe Gasoline/Naphtha Gasoline cracks rise as oil prices ease

  • 12/24/2021
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LONDON, Dec 24 (Reuters) - Benchmark northwest European gasoline barge refining margins rose to around $10 per barrel on Friday, as Brent crude futures fell in a low volume trading session before the Christmas holiday. Exports of gasoline from Northwest Europe (NWE) to the United States (US) were expected to rise this week, according to Refinitiv. Refinitiv is tracking a total of 221,000 tonnes of gasoline departing the region this week, up from just over 126,000 tonnes last week. Millions of Americans carried on warily with travel plans through a second pandemic-clouded holiday season, despite a growing wave of COVID-19 infections driven by the Omicron variant, though many were forced to scale back their ambitions. read more Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area rose by almost 5% in the week to Thursday, data from Dutch consultancy Insights Global showed. Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and overall consumption potentially could hit a new record in 2022 - despite efforts to bring down fossil fuel consumption to mitigate climate change. read more U.S. gasoline stocks (USOILG=ECI) rose last week by 5.5 million barrels to 224.1 million barrels, the Energy Information Administration said. read more Gasoline (in tonnes) Trades (vol.) Bids Offers Prev. Trades Sellers Buyers Ebob Barges MOC Platts E5 $712 Ebob Barges E10 Platts(fob ARA) Ebob Barges Argus E5(fob AR) $714.75 (4KT) $704.75 Litasco BP, Gunvor Ebob Barges E10 Argus (fob AR) Jan swap fob ARA $711.75 $713.75 Premium Unleaded (fob ARA) $732 - $733 $731 Shell Litasco Cargoes $737(Vasiliko) Cargoes (cif NWE) Naphtha Ebob crack (per barrel) $9.805 prev. $7.795 Brent futures Rbob Rbob crack

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