Europe gasoline refining margins dip
USO•Northwest European gasoline refining margins fell more than $15 to $26.56 a barrel on Friday, their lowest since mid-June, as oil prices rose close to $110 a barrel.
1. Margins and trading
The Northwest European gasoline refining margin fell to $26.56 a barrel from $42.30. In trading windows, 9,000 metric tons of Eurobob E5 barges traded, while 8,000 tons of Eurobob E10 barges were sold. Asian gasoline margins nearly halved from a record high at the beginning of the month as Chinese refiners resumed fuel exports, easing immediate supply concerns, traders and analysts said.
