Europe Gasoline, Diesel Barge Swaps Weaken

Gasoline and naphtha crack swaps fell slightly on the week but remained supported by strong export demand for gasoline. 

 

Tankers carrying around 1 million tonnes of gasoline have been booked from Europe to West Africa in recent weeks, according to Reuters shipping data, following renewed demand from Nigeria.

 

Gasoline stocks held in the Amsterdam-Rotterdam-Antwerp storage hub fell slightly in the week to Thursday to 1.14 million tonnes, according to Dutch consultancy PJK International. ARA/

 

Diesel differentials remained under pressure from ample supplies in the region despite high refinery maintenance levels as imports into the region rise.

 

Tankers carrying around 1 million tonnes of diesel have been booked to load in April from the U.S. Gulf Coast to northwest Europe and the Mediterranean, according to shipping data.