Northwest European gasoline refinery margins declined sharply by about 14% to $27.42 per barrel on Friday as regional inventories rose and crude prices strengthened.
Trading activity saw about 24,000 metric tons of E5 gasoline barges change hands in the Argus window, with BP selling to TotalEnergies and ExxonMobil. BP also sold an E5 barge to Trafigura in the Platts window.
An additional 4,000 tons of E10 gasoline barges were traded on an Argus basis, with Total selling to Shell.
Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub climbed 8.3% to 1.17 million tons as export activity slowed while inland demand held steady, according to data from Dutch consultancy Insights Global released Friday.
Average EU-27 and UK exports of gasoline and blending components stood at 657,000 barrels per day this month, down from 945,000 bpd in April, data from Kpler showed.
