Europe gasoline refining margins fall
USO•Northwest European gasoline refining margins fell $6.91 to $43.04 a barrel on Wednesday after rising sharply in the previous session.
1. Trading and supply
A total of 10,000 metric tons of gasoline E5 barges traded, with ExxonMobil and Glencore selling to Varo, Gunvor and Vitol. U.S. gasoline stocks reached their lowest level since 2014, the Energy Information Administration said, while naphtha prices declined on a higher supply outlook from the Middle East after Saudi Arabia restarted the East-West Pipeline.
