Northwest European gasoline refining profits rose by about $1 on Friday to $5.80 a barrel as a sharp fall in regional inventories supported.

Shell sold a barge of Eurobob E10 traded in the Argus window to Trafigura.

Another 16,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Shell, ExxonMobil and Mabanaft.

Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 8.5% in the week to Nov. 28, data from Dutch consultancy Insights Global showed.

Gasoline stocks dropped to 1.14 million tons because of higher exports to Africa, Insight Global’s Lars van Wageningen said.

US gasoline demand in September was 151,000 barrels per day (bpd), or 1.7%, from a year earlier at 8.994 mln bpd, Energy Information Administration data showed.
Source: Reuters (Reporting by Ahmad Ghaddar, Editing by Louise Heavens)