Markets

European gasoline stocks surge 8pc from year ago

Published June 9, 2016 Updated June 9, 2016 01:15pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

LONDON: European refineries reduced their crude oil intake in May due to maintenance as gasoline stocks surged 8 percent above last year's levels, data from industry monitor Euroilstock showed on Thursday.

Crude intake declined by 4 percent from a year earlier and by 2.4 percent from April, the data showed. Middle distillate stocks, which include diesel and jet fuel, were 5.7 percent higher from a year ago.

Read Comments