European gasoline margins rise

Northwestern European gasoline refining margins rose slightly on Thursday but remained deep in negative territory due to weak demand and swelling stocks.

Demand in the region remained very weak, with several tankers anchored outside ARA ports as traders struggle to find storage space, traders said.

Several cargoes of gasoline blending components were booked in recent days out of Europe to Asia as buyers take advantage of low prices, according to traders and shipping data.