LONDON: The European gasoline crack edged slightly higher on Monday but further gains were capped by weak US buying interest.
The barge crack swap has been heading down since the second half of May but rose slightly to $11.15 a barrel for the US holiday. It has since declined to around $10.70 a barrel.
US gasoline demand over the past four weeks is down 1.8 percent from the same period a year ago, the US Energy Information Administration said last week.
ExxonMobil Corp's 362,300-barrel-per-day (bpd) Beaumont, Texas, refinery shut the hydrocracker on Sunday due to a leak found after the unit restarted on Saturday, sources familiar with plant operations said on Monday.
South Korean and Japanese refiners are running their plants at near-maximum capacity to cash in on profit margins that are at five-month highs, industry sources told Reuters on Friday. GASOLINE
No barges of benchmark Eurobob traded. Only two bids surfaced at $493 and $495 a tonne fob Amsterdam-Rotterdam-Antwerp, up from a Friday deal at $485 a tonne fob ARA.
Outside the window, some 6,000 tonnes of eurobob barges traded at $489-$490 a tonne fob Amsterdam-Rotterdam, compared with $485.50-$495 a tonne on Friday.
No barges of premium unleaded gasoline traded. An offer surfaced at $503 a tonne fob ARA. On Friday, a barge traded at $499 a tonne fob ARA.
The August swap stood at $495 a tonne at the close, up from $490 a tonne.
Brent crude futures were up 47 cents a barrel at $47.18 a barrel at 1534 GMT.
The benchmark ebob gasoline refining margin edged higher to $12.30 a barrel from $12.16 a barrel.
US front-month RBOB gasoline futures were up 0.65 percent at $1.5080 a gallon.
The RBOB crack versus US crude stood at $18.66 a barrel, down from $18.70 a barrel at the previous close. NAPHTHA
No naphtha cargoes traded.
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