Northwest Europe Gasoline Margin Hits $43.69/bbl

Northwest European Gasoline Margin Surge

On 15 July 2026, Reuters reported that Northwest European gasoline refining margins climbed approximately $4 per barrel on Wednesday, reaching $43.69 per barrel, the highest level recorded in the past four years.

The margin increase was attributed to a decline in U.S. gasoline inventories, which fell by 1.5 million barrels to 210.5 million barrels according to the U.S. Energy Information Administration. This drawdown exceeded analyst expectations, which had projected a reduction of 760,000 barrels based on a poll.

European Trading Activity

• Eurobob E5 gasoline: 4,000 metric tons were traded on the Argus platform. The sellers were Aramco and ExxonMobil, and the buyer was Gunvor.
• Eurobob E10 gasoline: Another 4,000 metric tons changed hands, with Phillips 66 as the seller and ExxonMobil as the buyer.
• Additional E5 transaction: ExxonMobil sold an E5 barge to Sahara through the Platts trading window.

The article notes that it was generated with AI assistance and subsequently reviewed by an editor, with the standard Reuters terms and conditions applying.