LONDON, Feb 27 (Reuters) - Northwest European gasoline
refining margins fell on Thursday amid weak exports, shrugging
off a continually weak crude price and falling inventories on
both sides of the Atlantic.
* Oil prices plunged more than 4% on Thursday, down for a
day to their lowest since January 2019 as more new coronavirus
cases outside China fed fears of a pandemic that could slow the
global economy and dent demand for crude.
* Northwestern European gasoline stocks fell 6% to 1.12
tonnes as exports outpaced imports, data from Dutch consultancy
Insights Global showed on Thursday.
* U.S. gasoline stocks fell last week by 2.7 million barrels
the week to 256.4 million barrels, EIA data showed, compared
with expectations in a Reuters poll for a 2.2 million barrel
* So far in February, some 288,000 tonnes of gasoline and
components have been delivered from Europe and the Mediterranean
to the United States, Refinitiv Eikon data showed.
* The exports last month were 710,000 tonnes and in February
* Saudi Aramco will shut its largest oil refinery for five
weeks from June 1. The 550,000 bpd Ras Tanura refinery supplies
over a quarter of the kingdom's fuel supply.
* The company is undertaking a $2.4 billion overhaul of Ras
to reduce the sulphur content of the gasoline and diesel the
Gasoline (in tonnes)
Trades Bids Offers Prev. Sellers Buyers
Ebob $456 $461
Ebob $452-$46 $493-$493 Gunvor, Varo,
Barges 7 .50 Vitol Exxon,
Ebob $473 $506.50-$ Total Shell
March. $458.50 $494.50
Premium $473 $510 Finco Gunvor
Ebob crack (per barrel) $2.689 prev. $5.216
Rbob crack <RBc1-CLc1>
(Reporting by Shadia Nasralla; Editing by Kirsten Donovan)