Europe gasoline/naphtha-gasoline refining margins recover
USO•Northwest European gasoline refining margins rose more than $2 to $15.70 a barrel, from $13.07 in the previous session. Russian refineries increased crude processing by 25% in the second half of October after persistent drone attacks ceased, three industry sources said.
1. Margins rebound
Northwest European gasoline refining margins recovered on Tuesday, rising to $15.70 a barrel from $13.07. In the Argus trading window, 2,000 metric tons of Eurobob E5 barges and 8,000 tons of E10 barges traded, with Trafigura buying from Equinor, Shell and ExxonMobil.
2. Russian refinery output
Russian oil refineries increased crude processing by 25% in the second half of October compared with the beginning of the month after persistent drone attacks on the plants ceased, three industry sources said.
