Margins push higher as demand returns

摘要

Refning margins made gains as road fuel demand has reached, and in some countries exceeded, pre-Covid levels, while refnery runs remain subdued. Eurobob oxy gasoline’s premium to North Sea Dated frmed by $1.32/bl to $12.37/bl, having briefy topped $13/bl for the frst time in nearly two years. Independent gasoline stocks in Amsterdam-Rotterdam-Antwerp (ARA) hit fresh 18-month lows of 871,000t this week — about 30pc below the same time in 2019.