July 19, 2018 / 3:42 PM / 5 months ago

Europe Gasoline/Naphtha-Cracks, ARA stocks rise

LONDON, July 19 (Reuters) - Benchmark northwest European gasoline refining margins rose slightly on Thursday despite a sharp rise in ARA stocks.

* Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp refining and storage hub rose by over 10 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

* The rise in stocks comes amid slower export activity to the U.S. East Coast and West Africa, PJK’s Lars van Wageningen said.

* U.S. gasoline stocks fell by 3.2 million barrels last week, compared with analysts’ expectations in a Reuters poll for a drop of 44,000 barrels, U.S. Energy Information Administration data showed on Wednesday.

* Shell is continuing to restart its 140,000 barrel-per-day Wesseling oil refinery in Germany, a spokeswoman said on Thursday.

GASOLINE

* No Eurobob barges traded in the afternoon trading window. There was one bid at $691 a tonne fob ARA.

* Elsewhere, three barges traded at $681.50-$686 a tonne fob Amsterdam-Rotterdam, compared with $675 a tonne on Wednesday. Total sold to BP and Shell, Van Raak sold to Finco.

* There were no deals on barges of premium unleaded gasoline.

* The August swap stood at $692.50 a tonne at the close, up from $681 a tonne.

* The benchmark Eurobob gasoline refining margin rose to $9.441 a barrel from $8.619 a barrel.

* Brent crude futures were up 38 cents at $73.28 a barrel at 1537 GMT.

* U.S. front-month RBOB gasoline futures were up 0.25 percent at $2.0491 a gallon.

* The U.S. RBOB refining margin RBc1-CLc1 was down 4.9 percent at $16.26 a barrel.

NAPHTHA NAF-C-NWE

* No cargoes traded. (Reporting by Ahmad Ghaddar Editing by Edmund Blair and Alexandra Hudson)

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