Europe Gasoline/Naphtha-Gasoline refining margins rebound

LONDON, Feb 2 (Reuters) - Northwest European gasoline refinery profit margins rebounded on Monday after a sharp drop last week, gaining $1.75 to about $7.94 a barrel.

• About 8,000 metric tons of Eurobob E10 gasoline traded on barges in the Argus window, with Phillips 66 and Sahara selling to Varo and Gunvor.

• A total of 15,700 tons of E5 gasoline barges traded on Argus, with BP and Equinor selling to Glencore, Gunvor and Varo.

• A further 1,000 ton Eurobob E5 barge traded in the Platts window, which BP sold to Trafigura at $627 a ton.

• Asian refiners' profits from producing gasoline plunged to their lowest in a year, pressured by prompt oversupply from key exporters in the region and swelling inventories at major trading hubs, traders and analysts said.

• The United Steelworkers union said late on Saturday that it would extend talks with Marathon Petroleum MPC.N, averting a strike by 30,000 workers at U.S. refineries and chemical plants.

• Meanwhile, EU-27 and UK gasoline and blending component exports to other regions have averaged 850,000 barrels per day in January, against 806,000 bpd over December.