Europe gasoline refining margins end week lower

Northwest European gasoline refining margins dropped 92 cents to $45.01 a barrel on Friday. About 14,000 metric tons of E5 gasoline barges and 7,000 tons of E10 barges traded.

The Perm oil refinery in Russia stopped operating after a Ukrainian drone attack caused a fire and damaged pipelines, storage and technological units, two industry sources said. Germany’s lower house approved a second temporary gasoline tax discount this year, costing federal and state governments €2.5 billion ($2.85 billion).

EU-27 and UK gasoline exports to other regions averaged 945,000 barrels per day from September 1 to 25, up from 676,000 bpd last month, Kpler data showed. German consumer sentiment weakened more sharply than expected heading into October, as rising energy prices soured households’ income outlook, a survey showed.