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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
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Europe Gasoline/Naphtha-Gasoline cracks drop for third day

Wed, 10th Aug 2016 16:13

LONDON, Aug 10 (Reuters) - Gasoline refining margins innorthwest Europe dropped on Wednesday for a third day in a rowas U.S. gasoline futures plummeted despite a draw in weeklystocks.

* U.S. gasoline stocks fell 2.8 million barrelslast week, the second-biggest weekly draw since mid-April,compared with expectations in a Reuters poll for a 1.1million-barrel drop, according to EIA data.

* Gasoline imports into the U.S. East Coast (PADD1) rosesharply last week to 794,000 barrels per day, up nearly 200,000bpd from the previous week.

* European transatlantic gasoline exports slowed downsharply in August, with around 600,000 tonnes booked so far togo from Europe to the U.S. East Coast, Mexico and Canada,according to Reuters shipping data.

* Egypt's EGPC issued a tender to buy two cargoes ofgasoline for August delivery, according to traders.

* Trading activity in Europe was slow.

GASOLINE

* Gunvor sold to Varo one barge of benchmark ebob gasolinein the afternoon window at $428 a tonne fob ARA, down from $440a tonne on Tuesday.

* Some 12,000 tonnes traded throughout the day at $437-$443atonne fob Amsterdam-Rotterdam, compared with $437-$441 a tonne.Gunvor and Vitol sold to Shell.

* Three barges of premium unleaded gasoline traded at $442 atonne fob ARA, down from $452 a tonne. Rolympus and Vitol soldto Total.

* Gasoline barge refining margins fell to $8.88 a barrel,from $9.17.

* The September swap stood at around $433 a tonne at theclose, down from $444.50 a tonne.

* Brent crude oil futures were down 82 cents $44.16a barrel by 1606 GMT.

* U.S. August RBOB gasoline futures were down 2.74percent at 1.3103 a gallon.

* The U.S. gasoline crack was trading at $13.10 abarrel, down from $13.75 a barrel.

NAPHTHA

* No naphtha cargoes traded. Offers were seen at $344 atonne cif NWE. (Reporting by Ahmad Ghaddar)

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