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Europe Gasoline/Naphtha-Cracks firm to 7-week high boosted by exports

Reuters - UK Focus

LONDON, Jan 17 (Reuters) - Northwest European gasoline refining margins rose on Tuesday to their highest since Nov. 30 supported by strong export over the past week, particularly to Asia Pacific.

* Shipping reports showed at least five vessels have been booked in recent days to load 60,000-80,000 tonne cargoes of gasoline or gasoline blending components this month in Europe to go to Asia Pacific. Charterers include BP, Petco, Mercuria and Total (LSE: 524773.L - news) .

* Glencore (Frankfurt: 8GC.F - news) also fixed Star Energy (Stuttgart: 2393147.SG - news) to load 130,000 tonnes of reformate in ARA to go east, most likely to Singapore, according to shipping reports.

* Stronger gasoline prices in Singapore and the recent outage on as gasoline producing unit at the UAE's Ruwais refinery largely account for the sharp rise of booking from Europe.

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* A fire at the Ruwais refinery last week forced the plant to shut-in half it's capacity, but operator ADNOC said it was expecting a restart to begin soon.

* Several tankers were also booked in recent days to load gasoline in Europe for transatlantic or West Africa destinations.

GASOLINE

* Gunvor sold to Shell (LSE: RDSB.L - news) one barge of benchmark European gasoline during the afternoon trading window at $546 a tonne fob ARA, up from $541 a tonne on Monday.

* Earlier in the day, Total sold a barge of eurobob oxy gasoline to Varo at $552 a tonne fob Amsterdam-Rotterdam, up from $542.50-$546 a tonne.

* No barges of premium unleaded gasoline traded. There were no bids or offers

* The February swap stood at around $551 a tonne at the close, up from $547 a tonne on Monday.

* Gasoline barge refining margins rose to $10.59 a barrel, from $9.98 a barrel on Monday.

* U.S. front month RBOB gasoline futures were trading 0.23 percent higher at $1.6154 a gallon by 1643 GMT.

* The U.S. gasoline crack (RBc1-CLc1) traded at $15.26 a barrel, 10 cents a barrel lower.

NAPHTHA (NAF-C-NWE)

* No cargoes traded.

(Reporting by Ahmad Ghaddar)