AGL 38.50 Increased By ▲ 0.93 (2.48%)
AIRLINK 131.35 Decreased By ▼ -1.15 (-0.87%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.83 Increased By ▲ 0.06 (1.59%)
DCL 8.65 Decreased By ▼ -0.22 (-2.48%)
DFML 40.89 Decreased By ▼ -0.11 (-0.27%)
DGKC 89.11 Decreased By ▼ -1.05 (-1.16%)
FCCL 35.25 Increased By ▲ 0.17 (0.48%)
FFBL 66.45 Decreased By ▼ -0.05 (-0.08%)
FFL 10.48 Increased By ▲ 0.33 (3.25%)
HUBC 109.45 Increased By ▲ 3.05 (2.87%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.82 Decreased By ▼ -0.04 (-0.82%)
KOSM 7.05 Increased By ▲ 0.20 (2.92%)
MLCF 42.23 Increased By ▲ 0.43 (1.03%)
NBP 59.25 Increased By ▲ 0.67 (1.14%)
OGDC 184.00 Increased By ▲ 2.75 (1.52%)
PAEL 25.55 Decreased By ▼ -0.15 (-0.58%)
PIBTL 5.91 Increased By ▲ 0.08 (1.37%)
PPL 147.50 Decreased By ▼ -0.90 (-0.61%)
PRL 23.45 Increased By ▲ 0.23 (0.99%)
PTC 16.57 Increased By ▲ 1.33 (8.73%)
SEARL 69.20 Increased By ▲ 0.41 (0.6%)
TELE 7.25 Increased By ▲ 0.01 (0.14%)
TOMCL 35.75 Decreased By ▼ -0.25 (-0.69%)
TPLP 7.57 Increased By ▲ 0.17 (2.3%)
TREET 14.15 Decreased By ▼ -0.09 (-0.63%)
TRG 50.71 Decreased By ▼ -0.14 (-0.28%)
UNITY 26.83 Increased By ▲ 0.43 (1.63%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,805 Increased By 37.5 (0.38%)
BR30 29,768 Increased By 367.7 (1.25%)
KSE100 92,254 Increased By 315.5 (0.34%)
KSE30 28,797 Increased By 53.3 (0.19%)

Benchmark northwest European gasoline refining margins firmed on Thursday, supported by a big draw in US stocks last week and rising demand. US gasoline stocks were down sharply last week, falling by 3.8 million barrels, according to US Energy Information Administration data. Gasoline demand is up 0.7 percent from last year over the past four weeks to 9.4 million barrels per day (bpd) and demand is expected to rise in the summer driving season.
Total oil product stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 10 percent in the week to Thursday to around 5.5 million tonnes, data from Dutch consultancy PJK International showed. High imports outweighed gasoline exports from the region during the week, leading to a 4 percent rise in stocks.
Western naphtha shipments to Asia are likely to hit their lowest in three months in June at around 1.1 million tonnes, crimped by refinery maintenance in Europe. No EBOB barges traded in the afternoon trading window, but a bid emerged at $765 a tonne fob ARA, up from a bid at $744 the previous session. Elsewhere, 8,000 tonnes of eurobob gasoline traded on barges at $757-$759 a tonne fob ARA, up from $739-$742.5 a tonne the previous day.
Total bought four barges of premium unleaded gasoline at $766 a tonne fob ARA, up from a trade at $748 a tonne on Wednesday. Gunvor, Statoil and Shell sold. The June swap stood at $764.25 a tonne at the close, up from $742.50 a tonne on Wednesday.
The benchmark EBOB gasoline refining margin rose to $9.771 a barrel from $8.852. Brent crude futures were up over $1 at $80.29 a barrel by 1550 GMT.

Copyright Reuters, 2018

Comments

Comments are closed.