Northwest European gasoline margins drop amid Middle East tensions in General Energy News 29/05/2026 Northwest European gasoline refinery margins fell to $21.25 per barrel on Wednesday, even as concerns persist over fuel supplies due to the ongoing Middle East conflict. In Wednesday’s trading session, approximately 24,000 metric tons of E5 gasoline barges changed hands in the Argus window, with BP and Exxon selling to TotalEnergies. No E10 gasoline barges were traded during the session. President Donald Trump’s waivers permitting foreign-flagged vessels to transport oil and fuel between U.S. ports have not significantly affected high domestic gasoline prices, according to a Reuters analysis. The limited impact stems from elevated shipping rates and relatively small fuel volumes moved under the waivers. Japan’s industry ministry announced that the benchmark for calculating gasoline price subsidies will revert to Dubai crude prices from Brent crude starting next week, following a narrowing of the price gap between the two crude benchmarks. TotalEnergies announced it will continue capping fuel prices at its French service stations through June as the Middle East crisis persists. Data from Kpler showed EU-27 and UK gasoline and blending component exports averaged 788,000 barrels per day so far this month, down from 961,000 bpd in April. Source: Investing.com 2026-05-29 hellenicshippingnews... tweet Share