Northwest Europe

Also known as: NWE

Northwest Europe is a major refining center and oil spot market trading hub.

The coastal refineries in Northwest Europe are swing suppliers for the broader European market as well as major product exporters, especially of gasoline.

The Northwest Europe spot market is centered around the ports of Amsterdam, Rotterdam, and Antwerp, typically referred to as ARA. The market is active in both ocean-going cargoes and river barges.

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