Friday, March 18, 2011

European gasoline refining margins fall to 27 month lows

Gasoline refining margins in Europe fell to 27 month lows of around minus $4.43 a barrel along with falling naphtha cracks, as per Reuters. Japan is one of the largest importers of naphtha, and the cuurrent disaster has pressured light-end refining margins- this is because more refiners favour middle distillates over light ends on expected increased demand from Japan.

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