Europe Gasoline/Naphtha Gasoline cracks slip after strong crude gains

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Feb 28 (Reuters) - Benchmark northwest European gasoline barge refining margins slightly declined on Monday to $10 a barrel, following strong gains in crude prices.

  • The United States and its allies are weighing an oil reserve release amid soaring prices and concern about supplies after Russia invaded Ukraine, an OPEC+ source and a senior industry source told Reuters. read more
  • Exports of gasoline from Northwest Europe to the United States was stable week-on-week, at around 109,000 tonnes, according to Refinitiv Oil Research.
  • Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) fell slightly to 1.19 million tonnes on stronger exports on transatlantic routes and to West Africa, data from Dutch consultancy Insights Global showed.
  • Britain said on Monday it had told its ports not to provide access to any Russian flagged, registered, owned or controlled vessels before new legislation comes into effect. read more

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Reporting by Ron Bousso; Editing by Amy Caren Daniel

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