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Europe Gasoline/Naphtha-Gasoline cracks nudge higher boosted by exports

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 11 (Reuters) - Northwest European gasoline refining margins were slightly higher on Tuesday supported by firm demand to export the motor fuel on transatlantic journeys.

* Shipping reports showed at least nine tankers booked in recent days to move gasoline from Europe on transatlantic journeys, including to the United States, Canada and Mexico.

* Traders were expecting higher U.S. import demand after the end of hurricane Matthews which hit the southeast of the country.

* Gasoline stocks held by European refiners in September were 8.1 percent higher than a year earlier, data from industry monitor Euroilstock showed on Tuesday.

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* Refinery crude oil processing was down 1.9 percent from a year earlier and down 1.7 percent from the previous month as oil refineries began seasonal turnarounds, the data showed.

GASOLINE

* Barges of benchmark Eurobob gasoline traded at $511 a tonne fob ARA during the afternoon window, down from $516-$520 a tonne on Monday. Gunvor sold to Shell (LSE: RDSB.L - news) and Rolympus.

* Elsewhere during the day, around 6,000 tonnes traded at $516-$523 a tonne fob Amsterdam-Rotterdam, compared with $518-$528 a tonne on Monday.

* Gunvor sold to Total (LSE: 524773.L - news) a barge of premium unleaded gasoline at $530 a tonne fob ARA, down from $531 a tonne fob ARA the previous day.

* The November swap stood at $496.50 a tonne at the close, down from $505 a tonne.

* Gasoline barge refining margins rose slightly to $10.71 a barrel, from $10.59 a barrel on Monday.

* Brent crude oil futures for December delivery were down 73 cents a barrel at $52.41 by 1605 GMT.

* U.S. November RBOB gasoline futures were 1.39 percent lower at $1.4764 a gallon.

* The U.S. gasoline crack (RB-CL1=R) was trading at $10.80 a barrel, down from $11.55 a barrel.

NAPHTHA (NAF-C-NWE)

* No cargoes traded.

(Reporting by Ahmad Ghaddar)