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Europe Gasoline/Naphtha-Margins end week higher after stocks drop

Monday, 18 December 2023 | 01:00

Northwest European gasoline refining margins ended the week higher at around $9.5 a barrel after regional stocks dropped sharply.

One Eurobob E5 barge traded at $727.50 a tonne, trade sources said.

A total of 12,000 metric tons of Eurobob E10 barges traded at $728 a tonne.

Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 11.2% in the week to Thursday to their lowest since May 2022, data from Dutch consultancy Insights Global showed.

Gasoline stocks stood at 1.05 million metric tons after falling on higher exports to West Africa and on the transatlantic route, Insights Global’s Lars van Wageningen said.
Source: Reuters (Reporting by Ron Bousso; Editing by Shailesh Kuber)

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