Europe Gasoline/Naphtha-Gasoline refining profit edge higher
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Northwest European gasoline refinery profit margins increased by 41 cents to $9.27 a barrel, driven by heightened buying activity. Approximately 14,000 metric tons of Eurobob E5 gasoline were traded, with ExxonMobil and Glencore selling to Varo and BP. U.S. gasoline inventories rose by 6.2 million barrels last week. Additionally, a Ukrainian drone attack caused damage at the Tuapse oil refinery in Russia, injuring two people. EU-27 and UK gasoline exports averaged 737,000 barrels per day in December, down from 903,000 bpd in November.
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