The gasoline barge crack in northwest Europe fell sharply on Thursday as inventories built on both sides of the Atlantic. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose by around 4.7 percent to a 19-month high, data from Dutch consultancy PJK International showed on Thursday.
Stocks rose largely due to a cooling off on the arbitrage route to West Africa, and despite the motor fuel being shipped to more destinations over the course of the week, PJK's Lars van Wageningen said. US gasoline stocks rose 261,000 barrels last week, compared with analysts' expectations in a Reuters poll for a 283,000-barrel decline.
Vitol sold a barge of eurobob gasoline to Gunvor at $599 a tonne. Elsewhere, 14,000 tonnes on gasoline barges traded at $598 a tonne fob Amsterdam-Rotterdam, down from $600-$600.50 a tonne on Wednesday. Vitol, CCI and Varo sold to Gunvor. No barges of premium unleaded gasoline traded. The March swap stood at $599 a tonne at the close, up from $595.
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