Boat European prices of gasoline fell in reducing the cost of Brent crude

Boat European prices of gasoline fell in reducing the cost of Brent crude. Gasoil futures also fell.

Preem AB began maintaining a diesel production unit at its largest refinery in Sweden, about a month later than planned.

Light Products

gasoline barges for immediate loading in Amsterdam-Rotterdam-Antwerp quoted at U.S. $ 763 and $ 767 a metric ton, according to survey of traders and brokers to monitor the Bulletin Board Argus. That compares with rates of night from $ 766 to $ 773 a tonne.

Statoil ASA purchased 2,000 tons of 3,000 tons changed hands. Royal Dutch Shell Plc was the other buyer. Morgan Stanley was the top seller. The offices are for Eurobob degree to which ethanol is added to the ending of automotive fuel.

Gasoline crack opened up 10 cents to $ 5.30 per barrel, the highest since Oct. 18, according to data from PVM Oil Associates Ltd., an agent in London.

Port and refinery protests in France led to a deficit of 3 million barrels of gasoline and 8 million barrels of oil deficit, Christophe Barret, oil analyst with London-based Credit Agricole CIB, said today in a note.

Strikes in France, which lasted until October, closed November 10 refineries in the region and processing margins increased to the highest in two years.

crack gasoline rose to $ 2.50 from $ 1.80 a barrel yesterday, according to PVM. Naphtha is used in the production of gasoline and petrochemicals.

Middle distillates

Gas oil for December delivery fell 1.4 percent to $ 718.50 a tonne from 12:10 pm local time on London's ICE Futures exchange in Europe. The January contract also fell 1.4 percent to $ 722.75 per ton.

gasoil crack, a measure of earnings from refining, fell $ 11.97 to $ 12.32 per barrel yesterday, according to ICE.

Brent crude for January dropped 1.1 percent to $ 85.17 a barrel on the ICE.

Refinery News

Preem began repairs at its refinery in Lysekil on the west coast of Sweden on 10 November, according to a company statement today. The work, which includes the replacement of the catalyst and a isocracker regulatory inspections and the hydrogen plant is scheduled to last four or five weeks, he said. Maintenance was scheduled to begin on 19 October.

The termination of separate maintenance, which began on 2 September at 220,000 barrels per day, lasted a month longer than expected due to additional repairs, the statement said. Units, including a platform game, which makes components for gasoline, resumed operations from 04 November, Preem said. The work was scheduled to be completed in early October.