Last checked at LONDON, July 1 (Reuters) - Gasoline barge prices innorthwest Europe edged up on Monday, though the overall outlookfor demand remained sombre. Traders are still awaiting third quarter allocations fromNigeria's Petroleum Products Pricing Regulatory Agency, whichare expected shortly. But there was little sign of any pickup in summer drivingdemand from the United States, due to the abundant supplies ofgasoline already in the market. Adding to the bearish picture, BP said that it hadcompleted the commissioning and start-up of a new 250,000barrels-per-day crude distillation unit at its 413,000 bpdrefinery in Whiting, Indiana. Over in the naphtha market, participants said thefundamentals still looked very poor. "The only support is comingfrom Asia," one broker said. Propane is now trading at a $70 a tonne discount to naphtha,making it a competitive feedstock for those petrochemical buyerswho can crack both. GASOLINE * No Eurobob gasoline barges traded in the Platts window fora seventh consecutive session. * Some 7,000 tonnes traded on the Argus platform, at$930-$941 a tonne fob ARA, up from $930-$933 a tonne on Friday. * Trafigura, Mercuria, Chevron and Vitol sold the barges toBP, Shell, Gunvor and Cargill. The early trades came at premiumsof $11 a tonne to the July swaps, up from premiums of $2-$4 atonne on Friday. * Kolmar sold a 2,000 tonne barge of premium unleadedgasoline to Total at $955 a tonne fob ARA, up from Friday'strade at $948 a tonne. * By 1537 GMT, Eurobob's crack to dated Brent
Today 14:21
Norway's wealth fund falls short on climate ambitions, NGO says
OSLO, April 29 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, is falling short on its climate ambitions by failing to back multiple shareholder proposals pushing oil companies to cut their greenhouse gas emissions, a non-governmental organization said in a report said on Monday.
Read more
