Europe’s refineries raise output in May, but cut gasoline – Euroilstock
European refineries processed 5.1 percent more crude oil in May than a year earlier, increasing output of all products apart from gasoline, Euroilstock data showed on Thursday. Total refinery crude intake climbed to 10.154 million barrels per day (bpd), higher year on year, but down 2.6 percent from April, according to the data.
On the year, gasoline production slipped by 3.8 percent in May while output of all other products rose. Production of naphtha, a feedstock for petrochemicals and plastics as well as a gasoline additive, rose by 10 percent on the year, followed by fuel oil, which increased by 9.6 percent.
Compared with April, output of all products slipped.
Source: Reuters (Reporting By Libby George)