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Europe Gasoline/Naphtha-Falls ahead of specification change
Reuters: Energy
Thu, 13 Sep 2012
LONDON, Sept 13 (Reuters) - Gasoline refining margins fell back sharply on Thursday, pressured as traders looked to take short positions on summer specification fuel ahead of the switch to the winter grade. The market was quiet, with no trades of gasoline, or premium unleaded bought or sold in the ...
Even if the NIH is drastically cut, we don't see a doomsday scenario for these companies, and some of the industry's stronger players are now trading at attractive valuations.
Morningstar's Heather Brilliant isn't optimistic about the market's--or Europe's --prospects for the rest of the year, though several stocks currently present buying opportunities.