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Europe Gasoline/Naphtha-Gasoline margins hit highest in 5 years
LONDON, Sept 6 (Reuters) – European gasoline refining
margins pushed to their highest in more than five years on
Thursday, with strong demand from the United States drawing
scarce supply out of the region.
Refining margins – also known as cracks – have surged due to
the permanent closure of some refineries and accidents at others
causing temporary shutdowns, while maintenance in Europe in
September is seen as a supportive factor.
But some traders said cracks at these levels are
unsusta
Petrobras signs with Odebrecht and Etesco on drillships
Petrobras has signed 15-year charter contracts with Odebrecht and Etesco to operate nine drillships that will be built in Brazil