Gasoline refining margins gain to fresh 4-year high

Northwest European gasoline refining margins rose 95 cents to $40.55 a barrel on Monday to a fresh four-year high, boosted by lower supplies.

• Shell, Phillips 66 and Gunvor sold a combined 13,400 metric tons of Eurobob E10 gasoline barges to Varo and Exxon Mobil.

• ATL sold 2,000 tons of Eurobob E5 gasoline barges to Gunvor.

• The summer driving season is in full swing in the Northern Hemisphere, which typically boosts demand, and Americans celebrated the Fourth of July holiday over the weekend.

• Last week, gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell 7.4% to 940,000 metric tons on high exports and strong inland demand, data from Dutch consultancy Insights Global showed.