Europe Gasoline/Naphtha-Gasoline margins end week lower

Northwest European gasoline refining profits were little changed on Friday at $6.30 a barrel as rising Atlantic basin stocks weighed.

A total of 14,000 metric tons of Eurobob E5 traded in the Argus window, with Gunvor and Musket selling to Shell and BP.

Another 5,000 tons of Eurobob E10 barges traded. Exxon, Gunvor and Shell sold to Varo and TotalEnergies.

Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7.5% in the week to Thursday to their highest in almost a year, data from Dutch consultancy Insights Global showed.

Gasoline stocks stood at 1.25 million metric tons as exporters stocked up ahead of shipping fuel out of the region to the United States and West Africa, Insight Global’s Lars van Wageningen said.

U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday.

Gasoline stocks rose by 2.1 million barrels in the week to 208.9 million barrels, the EIA said, compared with expectations for a 900,000-barrel build.
Source: Reuters (Reporting by Ron Bousso; Editing by Shreya Biswas)