European gasoline margins weaken

Northwest European gasoline refining margins weakened on Monday as crude prices rose sharply while demand in the region remained limited.
Naphtha exports from Europe and the Mediterranean to Asia were expected to reach 1.2 to 1.3 million tonnes in June, around a quarter lower than the previous month, according to Refinitiv Oil Research.
Total naphtha flows into Asia are set to reach as much as 5.2 million tonnes in June, down by 400,000 tonnes from May, the data showed.