Europe’s Gasoline Exports Shift to Asia as War Roils Fuel Markets

Europe’s gasoline exports have started to increasingly shift to Asia in recent weeks as the crude supply shock in the Middle East is tightening Asian fuel supply. Europe usually ships most of its exported gasoline to the United States, West Africa, and South America. But in these unusual times of the biggest disruption in the oil market ever, more European gasoline cargoes are bound for Asia. Over the past week, at least 1.6 million barrels of gasoline, carried by three tankers, have loaded from Europe and are en route to Asia, Reuters reported on Monday, citing ship-tracking data and trade…