Northwest European gasoline margins up $6

Northwest European gasoline margins up $6

Northwest European gasoline refining margins rose by $5.97, reaching $38.97 per barrel on Monday, as crude oil prices remained near one‑week lows following a pause in strikes between the United States and Iran over the weekend.

On the trading side, Exxon Mobil (NYSE:XOM) sold 2,000 metric tons of Eurobob E5 barges to Gunvor on the Argus platform. Shell (LON:SHEL) sold 6,000 metric tons of Eurobob E10 barges to Trafigura and MB Energy, and also placed an E5 barge sale to Trafigura in the Platts window.

Italy’s cabinet announced plans to introduce new measures aimed at addressing rising fuel prices, with officials expressing concerns about the fiscal impact of such actions.

A Ukrainian drone strike ignited a fire at the Tyumen refinery in western Siberia on Saturday; local Russian authorities later reported that the fire was extinguished.

Deputy Prime Minister Alexander Novak told Interfax that Russia will extend its ban on gasoline exports through the end of the year, while the diesel export ban will be lifted "as the market recovers."