Jul. 24 at 9:00 PM
Northwest European gasoline refining margins rose
$1.81 to
$32.67 per barrel on Friday as crude oil prices retreated from the
$100-per-barrel level reached in the previous session. Oil had surged to its highest level since May amid concerns that escalating Middle East tensions could disrupt key shipping routes and global energy supplies.
Trading activity remained active, with multiple Eurobob gasoline barge transactions involving major commodity traders including Gunvor, Trafigura, Varo, and Shell. Meanwhile, product tanker operator Torm said its vessel Torm Innovation will transit through the Suez Canal en route to Asia despite security concerns in the southern Red Sea.
The market continues to monitor risks to global fuel supply after Iran-backed Houthi forces announced a naval blockade against Saudi Arabia, raising fears of broader disruptions to energy trade and maritime traffic in the region.
$SHEL $TRMD