Europe Gasoline/Naphtha-Gasoline profit margins drop

LONDON, July 28 (Reuters) - Northwest European gasoline profit margins fell by about $2.11 to $11.65 a barrel on Monday on higher inventories.

• A total of 10,000 metric tons of Eurobob E5 gasoline barges traded, with Trafigura and BP selling to Gunvor, Exxon, TotalEnergies and Aramco.

• An additional 2,000 tons of Eurobob E10 barges traded as Shell sold to Varo.

• EU and UK gasoline and blending component exports to other regions averaged 978,000 barrels per day (bpd) in July, higher than the 912,000 bpd in June, Kpler data showed.

• Gasoline cracks and spreads fell sharply over the week as inventories in the ARA and U.S. rose, Philip Jones-Lux, senior analyst at Sparta Commodities said.

• Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA)were 1% higher at 1.22 million tons last week. ARA/

• High refinery utilisation along with Nigeria's Dangote refinery's RFCC being online until December continue to weigh on the wider gasoline complex, he added.

• However, Russia later on Monday imposed a temporary ban on gasoline exports by oil companies until August 31, aimed at keeping the domestic market stabilised during a period of high seasonal demand and ensuring sufficient fuel supplies for Russian farmers.