Europe Gasoline/Naphtha-Gasoline refining margins climb on lower stocks

LONDON, May 14 (Reuters) - Northwest European gasoline profit margins rose by nearly $1 to $14.84 a barrel on Wednesday after sharp losses in the previous session, supported by lower US inventories.

• A total of 7,000 metric tons of Eurobob E5 barges traded in the Argus window on Wednesday, with Gunvor and Trafigura selling to Shell, BP, and Mabanaft.

• A further 7,200 tons of E10 barges changed hands, with Gunvor and Musket selling to Varo and Litasco.

• U.S. gasoline stocks USOILG=ECI fell by 1 million barrels last week to 224.7 million barrels, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 560,000-barrel draw.​

• Profit margins slumped on Tuesday after Nigeria's Dangote oil refinery cancelled June maintenance at its 204,000 barrels per day gasoline-making unit as it completed planned works during an unplanned shutdown from April 7 to May 11, according to industry monitor IIR.

• Meanwhile, EU and UK gasoline and blending component exports to other regions are expected to reach 734,000 barrels per day in May, down from 1.1 million bpd in April, Kpler data showed.