Europe Gasoline/Naphtha-Gasoline refining margins soften

U.S. Energy Secretary Chris Wright said he will speak with U.S. companies on Monday about how to boost refinery throughput to lower gasoline prices that remain stubbornly high in the wake of the U.S.-Israeli war on Iran.

At least one cargo of gasoline from India has entered Russia's domestic market as Moscow seeks to ease fuel shortages caused by Ukrainian drone attacks on refineries, industry sources told Reuters and LSEG shipping data showed.

Northwest European gasoline refining margins fell by nearly $1 to $42.22 a barrel on Monday but remained supported by tight supplies and strong trading volumes.

Energy Aspects said light refinery maintenance in the United States and Europe, along with strong runs at Nigeria's Dangote refinery, should leave Atlantic Basin gasoline supply about 200,000 bpd higher year on year in the second half of 2026, helping to offset shortages elsewhere.

The consultancy still expects global gasoline stocks to draw through October, supporting prompt gasoline prices in the United States and Singapore, while Europe's EBOB market may need an additional catalyst to extend gains.

• About 22,000 metric tons of gasoline E5 barges traded, with ExxonMobil and Trafigura selling to BP, TotalEnergies, MB Energy and Varo.