LONDON: Gasoline refining margins in northwest Europe declined on Wednesday after a further build in US inventories increased concerns over already high supplies.
Demand remained overall weak. Exports to the United States in July are so far expected to reach around 1 million tonnes.
US gasoline stocks rose last week by 911,000 barrels, compared with the Reuters poll forecast for no change, according to EIA data.
Gasoline stocks in the US East Coast (PADD 1) were little changed but remained nearly 20 percent above 2015 levels.
An outage at one of Mexico's main refineries was expected to offer the market some support by increased import needs, traders said.
Mexico's state-owned oil company Pemex said on Tuesday that its 275,000 barrels-per-day Cadereyta refinery in the north of the country has been shut down due to low water pressure from a nearby river that supplies the facility's boilers.
GASOLINE
No barges of eurobob gasoline traded. There were no bids or offers.
Earlier in the day, some 7,000 tonnes changed hands at $438-$443 a tonne, compared with $442 a tonne on Tuesday.
Litasco sold to Varo, BP sold to Mabanaft and Shell.
No barges of premium unleaded gasoline traded.
There was an offer at $475 a tonne fob ARA, unchanged from a day earlier.
The August swap stood at around $446.50 a tonne at the close, compared with $452.50 a tonne.
Gasoline barge refining margins fell $6.9 a barrel from $7 a barrel.
Brent crude oil futures were up 40 cents at $47.06 a barrel by 1537 GMT.
US July RBOB gasoline futures were down 0.63 percent at $1.3670 a gallon.
The US gasoline crack was trading at $12.60 a barrel, down from $13.22 a barrel.
NAPHTHA
No cargoes traded. Bids and offers came at a range of $380-$385 a tonne.
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