Europe Gasoline/Naphtha-Gasoline cracks edge up
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Northwest European gasoline profit margins increased by 11 cents to $16.54 per barrel. A total of 12,000 metric tons of Eurobob gasoline were traded, with significant transactions involving Varo, ExxonMobil, Trafigura, TotalEnergies, Gunvor, and BP. Gasoline stocks in the ARA hub fell by 8% this week. Kuwait Integrated Petroleum Industries Company delayed the restart of a crude unit at its Al Zour refinery, expected by November 11. EU and UK gasoline exports averaged 1.01 million bpd in October, the highest since May.
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