Europe Gasoline/Naphtha Gasoline cracks ease, exports remain strong

1 minute read
Register now for FREE unlimited access to Reuters.com

Feb 23 (Reuters) - Benchmark northwest European gasoline barge refining margins dropped to around $7.2 a barrel on Wednesday following gains in crude prices even as exports remained strong.

  • Around 1.4 million tonnes of gasoline were set to be exported from Europe to West Africa in February, up slightly from the previous month, according to Refinitiv data.
  • On the transatlantic route, over 600,000 tonnes were set to be exported from Europe in February, up from 480,000 tonnes in January, according to the data.
  • Indian refiners' crude oil throughput rose in January, holding near 21-month highs reached in November, with fuel demand and refinery runs expected to grow further on the back of a strong economic recovery.

email: ron.bousso@thomsonreuters.com

Twitter: https://twitter.com/ronbousso1

Tel.: +44 (0)207 542 2161

Reuters Messaging: ))

Register now for FREE unlimited access to Reuters.com
Reporting by Ron Bousso; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.