Europe gasoline refining margins drop
USO•Northwest European gasoline refining margins fell nearly $9 to $35.89 a barrel on Thursday, despite signs of tighter supplies. ARA gasoline inventories declined around 5.7% to 839,000 tons as exports increased.
1. Margins and inventories
Northwest European gasoline refining margins dropped nearly $9 to $35.89 a barrel on Thursday. Gasoline inventories in the Amsterdam-Rotterdam-Antwerp hub fell around 5.7% to 839,000 tons on increased exports, data from Insights Global showed.
2. Hurricane-related shutdowns
Hurricane Isaias was forecast to strengthen as it moved toward the northern Gulf Coast. BP said it had removed all personnel from its Na Kika and Thunder Horse platforms and shut in production at both due to the storm.
