Europe Gasoline/Naphtha-Gasoline refining profits head lower
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Northwest European gasoline refinery profit margins fell by $1.07 to $7.82 per barrel. Trading activity included 14,000 metric tons of Eurobob E5 gasoline sold by Equinor, Trafigura, and Glencore to BP, Aramco, and TotalEnergies, along with 10,000 tons of Eurobob E10 gasoline sold by Shell and Exxon to Varo. A Reuters poll predicts Brent crude will average $61.27 per barrel in 2026, down from previous estimates. EU-27 and UK gasoline exports averaged 729,000 barrels per day in December, a decline from November's 903,000 bpd.
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