Northwest European gasoline refining margins fell on Friday to around $13.90 a barrel as a U.S. stock build this week looked set to hit demand and ahead of an EU embargo and international sanctions on Russian oil products which threatened to upend global flows.

Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell by almost 1% to 1.4 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed.

The fall came as a result of rising exports to the United States, it added.

But northwestern European gasoline exports to the United States are expected to fall this week to 185,000 tonnes, down from 325,000 tonnes the previous week, according to Refinitiv analysis.

U.S. gasoline stocks rose by 2.6 million barrels in the week ended Jan. 27 to 234.6 million barrels, the Energy Information Administration said on Wednesday.
Source: Reuters