April 30, 2024 14:25 GMT
April European Gasoline Exports Recover from March Low: Kpler
OIL PRODUCTS
European gasoline exports recover in April from a multi-year low in March according to Kpler.
- European gasoline markets have seen a period of lower outflows, largely due to a heavy refinery turnarounds in April which has significantly impacted export volumes.
- Neither Nigeria’s 650kb/d Dangote refinery nor Mexico’s 340kb/d Dos Bocas refinery are expected to have a substantial impact on European key export markets this summer.
- European gasoline markets will be supported into the peak demand season by strengthening US demand and tight European gasoline balance resulting from April's heavy maintenance.
Source: Kpler
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