European Gasoline Margins Fall $2.69, Ceasefire Uncertain

European Gasoline Margins Fall $2.69, Ceasefire Uncertain

Northwest European gasoline refining margins declined by $2.69, reaching $25.73 per barrel on Wednesday. The drop was attributed to U.S. President Donald Trump stating that his newly announced cease‑fire agreement with Iran was not final and that he could resume hostilities if dissatisfied.

In the Argus trading window, approximately 6,000 metric tons of Eurobob E5 gasoline barges changed hands, with Exxon selling to Varo and Gunvor. An additional 13,000 metric tons of Eurobob E10 gasoline barges were traded, involving sales by TotalEnergies and Shell to Varo, Trafigura and Exxon.

U.S. gasoline stockpiles fell by 906,000 barrels in the week ending 12 June, according to data from the U.S. Energy Information Administration.

Brazil’s finance ministry announced that diesel and gasoline subsidies will be terminated once crude oil prices stabilize around $80 per barrel, a statement made by Finance Ministry executive secretary Rogerio Ceron.

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