Northwest European gasoline refining margins fell to $60.20 per barrel on Friday but remained close to the record levels reached during the 2022 energy crisis as regional supplies stayed tight. Four metric tons of gasoline E5 barges traded, with MB and BP selling to Gunvor and Trafigura, while another 4 metric tons of E10 barges changed hands from ATL and Equinor to Varo and Exxon. Independently held gasoline inventories at the Amsterdam-Rotterdam-Antwerp hub rose nearly 18% over the week to 885,000 metric tons, according to Dutch consultancy Insights Global. Analyst Rick Veringmeier attributed the increase to reduced exports to other regions and said motor-fuel blending activity was increasing. The previous day, margins had risen $2.45 to $61.86, with separate E5 and E10 cargo transactions reported. Sparta Commodities analyst Nikolas Plonski said EBOB spreads could gain further in the short term as the September window begins and E5-barrel buying resumes while inventories remain tight. U.S. gasoline stocks fell 1.2 million barrels to 205.7 million barrels in the week ending August 28, according to the Energy Information Administration. Separately, Dangote Group plans to price the initial public offering of its refinery unit at 525 naira ($0.40) per share, potentially raising about $1.5 billion, according to two people with direct knowledge of the transaction.