Northwest Europe Gasoline Margin Falls to $53.21

Northwest Europe Gasoline Margin Falls to $53.21

The Reuters‑reported article states that on Tuesday Northwest European gasoline refining margins slipped by approximately $5.03, settling at $53.21 per barrel as crude oil prices moved higher. Trading activity in the region involved roughly 6,000 metric tons of gasoline E5 barges changing hands, with Exxon selling to Gunvor and Varo, and an additional 6,000 metric tons of gasoline E10 barges traded, where Totsa sold to Varo and Exxon. In the Platts window, Shell sold an E5 barge to Trafigura.

The chief executive officer of Nigeria’s Dangote oil refinery warned that fuel shortages are expected to continue well beyond the United States‑Iran conflict, citing damage to refineries and the need to rebuild inventories as the underlying causes.

A Goldman Sachs executive indicated that oil product flows through the Hormuz Strait are currently at 35% of pre‑war levels, while crude oil flows remain at 70% of pre‑war volumes.

The article was generated with AI support and reviewed by an editor.