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NWE Gasoline Cracks Falls on Thin Trade: Reuters

OIL PRODUCTS

NWE gasoline refining margins fell June 20 as product stocks dropped and no cargoes were seen trading hands, Reuters said.

  • There were no Eurobob E5 or Eurobob E10 trades June 20, while seven barges of premium unleaded were sold, with Musket and Shell selling to Total.
  • Gasoline exports from the ARA were up on the week, according to Insights Global data, with rising flows to the US, and a some more unusual export flows to South Africa and Australia.
  • Naphtha, a gasoline blendstock, saw its stocks in the ARA down by 23% as more product was moved to gasoline blending or exported as a petrochemical feedstock, Reuters added.
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