Europe Gasoline/Naphtha-Cracks firm on the back of U.S. demand
LONDON, Nov 8 (Reuters) - Gasoline refining margins in northwest Europe firmed on Tuesday, boosted by demand for the motor fuel from U.S. buyers.
* The European market continued to find support from demand in the U.S. East Coast despite the restart of Colonial Pipeline on Sunday after a deadly explosion last week.
* U.S. federal regulators have not yet approved the full restart of Colonial Pipeline's original gasoline line after a leak in September caused an outage of more than 12 days.
* Colonial Pipeline said on Tuesday it would resume work to remove a bypass line it had constructed as a workaround after the spill and restart the original gasoline line by mid-November.
* China's tax rebate for gasoline, diesel and jet fuel exports from Nov. 1 is unlikely to impact fuel exports as exporters still have to pay consumption tax, sources said.
* Egypt is obtaining refined oil products from the international spot market following a decision by Saudi Aramco to halt product shipments until further notice, Egyptian Petroleum Minister Tarek El Molla said on Tuesday.
* Italy's Saras has maintenance work planned on a crude unit and a catalyst change on the diesel-making mild hydrocracking unit during the fourth quarter.
GASOLINE
* In the afternoon window, Gunvor sold barges of benchmark Eurobob gasoline to Shell (LSE: RDSB.L - news) and Vitol at $450 a tonne fob ARA, up from $446 a tonne fob on Monday.
* Elsewhere during the day, 4,000 tonnes traded at $457 a tonne fob Amsterdam-Rotterdam, compared with $452-$463 a tonne the previous session. Gunvor sold to Varo.
* Rolympus sold to Total (LSE: 524773.L - news) two barges of premium unleaded gasoline at $462 a tonne fob ARA, down from $464 a tonne.
* The December swap stood at around $447 a tonne at the close, up from $441.50 a tonne.
* Gasoline barge refining margins stood at $10.66 a barrel, up from $9.92 a barrel on Monday.
* Brent crude future for January delivery were down 8 cents at $46.07 by 1638 GMT.
* U.S. December RBOB gasoline futures were trading 0.46 percent lower 1.3647 a gallon.
* The U.S. gasoline crack (RBC1-CLC1) traded at $12.48 a barrel, down from $12.79 a barrel.
NAPHTHA (NAF-C-NWE)
* No cargoes traded.
(Reporting by Ahmad Ghaddar, editing by Libby George)