EU-27 and UK gasoline exports are on pace to reach 764,000 barrels per day (bpd) in August, down sharply from 1 million bpd in July, the highest in a year, according to Kpler.
Brazil's government will extend a gasoline subsidy worth (about ) until , local newspaper Valor Economico reported on Tuesday, citing a finance ministry source.
Russia is set to extend its diesel export ban through September as fuel shortages persist in its domestic market, with a number of refineries still idle after repeated Ukrainian drone attacks, three industry sources told Reuters.
Trading activity in gasoline barges
About 8,000 metric tons of gasoline E5 barges traded, with Exxon, Trafigura and Equinor selling to Totsa, Aramco and Vitol.
Another 10,000 tons of gasoline E10 barges traded, with Trafigura, ExxonMobil and Shell selling to BP, Varo and Totsa.
Exxon also sold an E5 barge to Varo in the Platts window.
Northwest European gasoline margins rise
Northwest European gasoline refining margins rose by 6.6% to $44.45 a barrel on Tuesday, supported by stronger demand and sharp declines in underlying crude prices.
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