Northwest European gasoline refining margins fell to around $8.3 a barrel on Friday, amid higher underlying crude prices, but lower stocks on both sides of the Atlantic capped further losses.

U.S. gasoline stocks fell last week by 346,000 barrels, EIA data showed, compared with analysts’ expectations in a Reuters poll for a 486,000 barrel drop.

Gasoline stocks in northwest European storage hubs fell in the week to Thursday by about 2%, data from Dutch consultancy Insights Global showed.

Gasoline exports on the northwest Europe to U.S. route are at 333,000 tonnes so far this month, according to Refinitiv analysts, compared with 430,000 tonnes in December.

January flows to West Africa from northwest Europe are at 157,000 tonnes so far, compared with 1.07 million tonnes last month, Refinitiv data shows.
Source: Reuters