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US Gasoline Imports From Europe Fell To Seven-Week Low

OIL PRODUCTS

US gasoline imports from Europe declined by 34% week on week in the seven days through 13 July to the lowest level in seven weeks according to bills of lading and Bloomberg ship tracking.

  • Gasoline imports from Europe stood at 200kbpd, down from 301kbpd the week prior and the lowest level since the week ending 25 May.
  • US gasoline demand declined sharply following increased demand in the weeks leading up to the 4th July holiday, EIA and GasBuddy data showed.

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