LONDON: Northwest European gasoline refining margins rose on Thursday after a sharp drop in ARA stocks.
Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 17.8 percent in the week to Thursday, data from Dutch consultancy Insights Global showed.
European gasoline inventories had dropped by 3.65 million barrels, or 2.9 percent, by the end of April from the previous month, Euroilstock data showed.
US gasoline stocks fell by 596,000 barrels last week, Energy Information Administration data showed on Wednesday.
The transatlantic arbitrage has been active in recent days with at least six tankers booked to load gasoline promptly in northwest Europe this week, according to shipping data.
Total naphtha flows into Asia for May have been provisionally assessed at 5.2 million to 5.5 million tonnes, up from April's volumes of about 4.9 million tonnes, according to Refinitiv data.
Western naphtha arrivals for May have been notionally pegged at 1.3 million to 1.4 million tonnes, down nearly 10 percent from April's volumes of 1.5 million to 1.6 million tonnes and falling to their lowest since March 2018, the data showed.
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