AIRLINK 207.05 Decreased By ▼ -5.77 (-2.71%)
BOP 10.25 No Change ▼ 0.00 (0%)
CNERGY 6.77 Decreased By ▼ -0.23 (-3.29%)
FCCL 33.59 Increased By ▲ 0.12 (0.36%)
FFL 16.97 Decreased By ▼ -0.67 (-3.8%)
FLYNG 21.60 Decreased By ▼ -0.22 (-1.01%)
HUBC 129.23 Increased By ▲ 0.12 (0.09%)
HUMNL 14.06 Increased By ▲ 0.20 (1.44%)
KEL 4.72 Decreased By ▼ -0.14 (-2.88%)
KOSM 6.85 Decreased By ▼ -0.08 (-1.15%)
MLCF 42.90 Decreased By ▼ -0.73 (-1.67%)
OGDC 216.10 Increased By ▲ 3.15 (1.48%)
PACE 7.14 Decreased By ▼ -0.08 (-1.11%)
PAEL 42.00 Increased By ▲ 0.83 (2.02%)
PIAHCLA 16.90 Increased By ▲ 0.07 (0.42%)
PIBTL 8.44 Decreased By ▼ -0.19 (-2.2%)
POWER 8.81 No Change ▼ 0.00 (0%)
PPL 185.40 Increased By ▲ 2.37 (1.29%)
PRL 39.40 Decreased By ▼ -0.23 (-0.58%)
PTC 24.85 Increased By ▲ 0.12 (0.49%)
SEARL 98.02 Increased By ▲ 0.01 (0.01%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.80 Decreased By ▼ -0.93 (-2.23%)
SYM 18.40 Decreased By ▼ -0.46 (-2.44%)
TELE 9.17 Increased By ▲ 0.17 (1.89%)
TPLP 12.25 Decreased By ▼ -0.15 (-1.21%)
TRG 64.96 Decreased By ▼ -0.72 (-1.1%)
WAVESAPP 10.86 Decreased By ▼ -0.12 (-1.09%)
WTL 1.84 Increased By ▲ 0.05 (2.79%)
YOUW 4.06 Increased By ▲ 0.03 (0.74%)
BR100 11,840 Decreased By -26.4 (-0.22%)
BR30 35,890 Increased By 193 (0.54%)
KSE100 113,861 Decreased By -287.9 (-0.25%)
KSE30 35,841 Decreased By -110.8 (-0.31%)

LONDON: Northwest European gasoline refining margins edged lower on Monday in a muted market that produced no deals in the trading window, though transatlantic exports offered some support.

Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 9.4% in the week to Thursday, data from Dutch consultancy Insights Global showed.

Gasoline exports from Europe to the US East Coast rose sharply in early July after a fire at the 335,000 barrel per day (bpd) Philadelphia Energy Solutions refinery on June 21.

European arrivals in the United States for the week starting July 8 will be about 515,000 tonnes, up 250,000 tonnes from the week starting July 1, according to tanker tracker Kpler.

Kpler analysts do not expect a substantial increase in the number of fixtures out of Europe to the US East Coast beyond the second week of July.

US gasoline stocks fell by 1.6 million barrels last week, according to EIA data. Analysts polled by Reuters had expected a 2.2 million barrel drop.

Copyright Reuters, 2019

Comments

Comments are closed.