French Oil Refinery Strikes to Tighten Gasoil Supplies

March 30, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil refinery strikes in France may help unwind the stockpiling of petroleum products that took place prior to the European sanctions on Russian oil products, leading to tighter gasoil supplies.

"At least 900,000 barrels per day (BBL/d) of France's 1.3 million BBL/d refinery capacity is offline due to strike action. This has a supporting impact on refined product prices and a weakening impact on regional crude prices," said Hillary Stevenson, Senior Director, Energy Market Intelligence for Industrial Info.