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Jun 03, 2020 PRINT EDITION
Business

European gasoline margins touch one year low

Northwest European gasoline refining margins turned negative on Thursday, hitting their lowest since February last year amid fears over demand amid the spread of the coronavirus globally. Gasoline stocks held in independent storage in the Amsterdam-Rotter

March 15, 2020

Northwest European gasoline refining margins turned negative on Thursday, hitting their lowest since February last year amid fears over demand amid the spread of the coronavirus globally. Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 4% to 1.17 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed. US gasoline stocks fell by 5 million barrels last week, double analysts' forecasts in a Reuters poll.

Copyright Reuters, 2020