Europe Gasoline/Naphtha-Gasoline refining margins fall on stronger crude

LONDON, March 9 (Reuters) - Northwest European gasoline refinery profit margins dropped by about 15 cents to about $2.75 a barrel on Monday, amid a surge in underlying crude prices.

• About 4,000 metric tons of E5 gasoline barges traded in the Argus window, with Gunvor selling to Exxon Mobil.

• Another 3,000 tons of E10 gasoline barges changed hands, with Exxon selling to Gunvor, Varo and MB Energy.

• G7 finance ministers discussed releasing emergency oil stocks and a final decision could be taken by the seven countries' leaders later this week. The G7 groups the U.S., Japan, Germany, France, Britain, Italy and Canada.

• In the U.S., gasoline contracts RBc1 surged to an intraday high of around $3.22 a gallon, their highest since 2022.

• U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have spiked to more than $100 a barrel due to the Iran war, according to two people familiar with the matter.

• Several refineries in the Middle East, including in Kuwait, Qatar and Bahrain, were experiencing shutdowns as a result of the conflict in the region. REF/OUT

• EU-27 and UK gasoline and blending component exports to other regions have averaged 322,000 barrels per day in March, against about 878,000 bpd in February.