Europe Gasoline/Naphtha-Gasoline refining margins ease, remain near 4-yr high
XLE•Trading and inventory picture
- About 12,200 metric tons of gasoline E5 barges traded, with Trafigura and Exxon Mobil selling to TOTSA and MB Energy.
- A further 13,000 tons of gasoline E10 barges traded, with Gunvor, Shell and Exxon Mobil selling to TOTSA, Trafigura, MB Energy and Varo.
- Gasoline stocks independently held in the ARA hub declined by around 14% on the week to 752,000 metric tons, their lowest level in nearly five years, data from Dutch consultancy Insights Global showed on Thursday.
- Higher exports and limited imports resulted in a stockdraw, Insights Global's Lars van Wageningen said, adding that Rhine water levels are increasing.
- Russia's gasoline production fell to about 70% of domestic consumption levels by the end of August after a series of drone attacks forced major refineries to suspend operations, according to two industry sources.
