October 12, 2018 / 10:16 AM / 2 months ago

European gasoline margins near 5-year low on oversupply

LONDON, Oct 12 (Reuters) - Northwest European gasoline barge refining margins turned negative on Friday for first time since December 2013 on the back of a glut of supplies in the Atlantic basin, according to Refinitiv Eikon data.

Profit margins of Eurobob gasoline barges against dated Brent were calculated at around -$0.906 a barrel at 1011 GMT, the lowest since Dec. 2, 2013.

Reporting by Ahmad Ghaddar; Editing by Mark Potter

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