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المشهد العربي
European gasoline exports to US fall
European gasoline exports to the United States experienced a sharp decline in May, dropping to their lowest levels since 2020 at a rate of 1.63 million barrels per day compared to 1.9 million barrels last year. This decline is attributed to the closure of European refineries, transportation disruptions, and increased domestic demand in Europe, all of which reduced the export surplus available to the American market that relies on these shipments during the summer season. Exports are expected to decrease further in the second quarter to 252,000 barrels per day, posing a threat to the stability of fuel inventories in the United States.
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