Traders have booked in recent weeks at least three tankers to store summer-grade gasoline off the coasts of the Netherlands as supplies in northwest Europe have steadily increased this year, pushing prices down, Reuters reports , citing trading sources and shipping data. At the same time, European refining margins for gasoline have dropped, and as of March 9, the northwest European gasoline refining margins were US$1.67 per barrel, the lowest level since December 2014, as winter-grade gasoline prices plunged, Reuters calculations show. Commodity and oil product trader Gunvor has booked three 90,000-ton tankers to store gasoline off the Dutch coasts for up to 60 days, trading sources told Reuters. Gasoline stocks in the Amsterdam-Rotterdam-Antwerp refining and storage hub have swelled in recent weeks to their highest level since July 2016, according to estimates by Dutch market data provider PJK International, quoted by Reuters. The decline in current gasoline prices […]