Thursday, January 27th, 2022
Home »Fuel and Energy » World » European gasoline margins rise on weaker oil
Northwest European gasoline refining margins rose on Thursday from $9.8 a barrel to $12.3, supported by lower oil prices. Gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 7% in the week to Thursday, data from Dutch consultancy Insights Global showed. It was the third consecutive weekly drop for gasoline. At least two cargoes of 37,000 tonnes of gasoline were provisionally booked in recent days out of Europe with a transatlantic option, shipping data showed.

Two cargoes of gasoline were also provisionally booked with an option to go to West Africa. Phillips 66's 253,600 barrel-per-day (bpd) Alliance, Louisiana, refinery was knocked out of production on Wednesday by a crude distillation unit (CDU) pump failure, said sources familiar with plant operations. Royal Dutch Shell Plc began the restart of the hydrocracker at its 225,300 bpd Norco, Louisiana, oil refinery on Wednesday, said two sources.

Motiva Enterprises returned the large coker at its 607,000 bpd Port Arthur, Texas refinery to production on Thursday, sources familiar with plant operations said.

Copyright Reuters, 2019

the author