Northwest European (NWE) gasoline refining margins rose about $3 to $16.40 a barrel on Friday, as exports from the region to the United States rose.

January gasoline exports on the NWE to U.S. route are at 730,000 tonnes so far, up from 500,000 tonnes in December, Refinitiv data showed.

U.S. gasoline stocks rose by about 3.5 million barrels in the week to Jan. 13, the EIA said, compared with analysts’ expectations for a 2.5 million-barrel gain.

Meanwhile, gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area were little changed in the week to Thursday at 1.369 million tonnes, data from Dutch consultancy Insights Global showed.

Earlier this month, the district court in Rotterdam declared the insolvency of the long-delayed HES Hartel Tank Terminal, to be developed in Europe’s major trading port of Rotterdam.
Source: Reuters