LONDON: Northwest European gasoline refining margins rose sharply on Thursday to $11.89 a barrel after supplies in the region continued to decline and refinery outages persisted.
Total's 230,000 barrel-per-day Leuna refinery in Germany has declared force majeure on refined product shipments as a result of the contamination of Russian Urals crude, three trade sources said on Thursday.
The refinery usually receives Urals crude oil via the Druzbha pipeline.
ARA gasoline stocks fell in the week to Thursday by more than 5 percent to their lowest since late August 2018, driven by high export demand, data from Insights Global showed.
In an unusual move, gasoline was also exported on a cargo to Germany as the country's refining sector deals with disruption from the Russian crude oil pipeline contamination.
Further disrupting supplies, industry monitor Genscape reported that a 200,000 barrels per day crude distillation unit at BP's Rotterdam refinery shut down.
US gasoline stocks fell by 1.1 million barrels, compared with analysts' expectations in a Reuters poll for a 299,000-barrel drop.
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