Europe Gasoline/Naphtha-Margins tick up to just under $10/bbl

Usama Fayyaz September 3, 2019

LONDON: Northwest European gasoline refining margins rose on Monday, helped by lower crude prices.

Iranian oil product sales remain strong at nearly $500 million a month, shipping data and Reuters calculations show.

Top oil exporter Saudi Arabia is expected to raise prices for light crude grades it sells to Asia in October on stronger Middle East benchmarks and gasoil margins, several trade sources said on Monday.

Production losses for US refiners from planned fall overhauls of distillation capacity will peak in early October, according to a Reuters analysis of IIR Energy data, while leaving output well above the level of a year ago.

Copyright Reuters, 2019

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