Europe Gasoline/Naphtha-Cracks rise as French refinery disruptions continue

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 21 (Reuters) - Northwest European gasoline refining margins rose to $15.5 a barrel on Tuesday as operations at French refineries remained disrupted due to industrial action.
* Several French refineries were still blocked from delivering products after two weeks of strikes, causing production and power supply to be disrupted, while attempts to requisition workers at the Fos refinery sparked scuffles with police.
* The Normandy refinery operated by TotalEnergies will be shut down on Tuesday because of the strike, a company spokesperson said.
* France started tapping into its strategic fuel reserves, the government said.
* Global energy traders Trafigura and Vitol still help to export limited supplies of Russian refined products within the rules of international sanctions, but they are considering whether to resume more trade in Russia's oil, their CEOs said on Tuesday.
* March northwest European gasoline exports so far stand at about 2.34 million tonnes, according to Refinitiv data. This compares with a revised 2.74 million tonnes in February and 3.45 million tonnes in January.
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Ebob crack (per barrel) $16.214 Prev. $16.488 Brent futures Rbob Rbob crack (Reporting by Ron Bousso; Editing by Shilpi Majumdar)

email: ron.bousso@thomsonreuters.com Twitter: Tel.: +44 (0)207 542 2161 Reuters Messaging: ron.bousso.reuters.com@reuters.net))
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