LONDON: Northwest European gasoline refining margins fell on Wednesday as a rise in inventories in the United States, a key export market for European producers of the motor fuel, weighed.
US gasoline stocks rose by 3.6 million barrels last week, compared with analysts' expectations in a Reuters poll for a 925,000-barrel drop, Energy Information Administration data showed on Wednesday.
Water levels along the Rhine river, a key waterway for transporting commodities and other products to inland locations from ARA, fell to 180 cm at the Kaub point, 3 cm lower than the previous day and their lowest since May 20.
Traders said the market in ARA was subdued this week and taking direction mostly from the United States amid supply length in Asia.
Total SA's 225,500-barrel-per-day (bpd) Port Arthur, Texas, refinery may restore full production on Thursday when its full steam supply is available, sources familiar with plant operations said.
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