Market Outlook
Gasoline margins decline as exports opportunities narrow
Published06 AUG 24 - 09:51
Reading time
minutes
“Economics for gasoline exports from Europe to the U.S. East Coast remain weak”, Sparta analyst Philip Jones-Lux said in a note.
Reuters, August 6, 2024 – Philip Jones-Lux from Sparta noted that Northwest European gasoline refining margins have declined due to weak export economics to the U.S. East Coast, with high exports from the U.S. Gulf Coast adding further pressure on European gasoline.
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