Gasoline Rebound in U.S. Fans European Exports: Energy Markets
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Bookings of tankers to ship European gasoline across the Atlantic increased in September as the profit margin from the trade rebounded from the least in a year and U.S. supplies fell to a three-month low.
Traders and oil companies chartered at least 29 vessels to transport the auto fuel to the Atlantic Coast last month, up from 23 in August, according to data compiled by Bloomberg and Clarkson Research Services Ltd., a unit of the world’s biggest shipbroker. The ships carried 1.12 million metric tons, compared with 971,000 tons in August.