LONDON: Northwest European gasoline refining margins edged higher on some transatlantic demand, though the outlook was weaker as Britain joined other European countries in reimposing strict nationwide lockdowns to curb the spread of the coronavirus.
Royal Dutch Shell said on Thursday that it was closing its refinery in Convent, Louisiana, the largest such US facility and first on the US Gulf Coast to shut down since the covid-19 pandemic devastated global demand.
Belarus will export 37,000 tonnes of gasoline via Russia's Baltic port of Ust-Luga early next week, according to traders and Refinitiv Eikon shipping data, as the country looks to avoid ports in European Union states. Transatlantic gasoline volumes departing Europe increased by 54,000 barrels per day (bpd) to 101,000 bpd this week, said data analytics firm Kpler.
Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 8% in the week to Thursday, data from Dutch consultancy Insights Global showed.-Reuters
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