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European Refinery Output Fell YoY in June: JODI

OIL PRODUCTS

Oil product output from European refineries was down by 1.15mbpd on the year in June, JODI data showed.

  • Total output from EU 27 plus UK and Norway stood at 11.7mbpd in June, down from 12.8mbpd a year earlier.
  • Lower output in June was mostly driven by Bulgaria, Germany, Italy Greece, Spain and Poland.
  • Output has already been lagging last year’s levels in April and May.

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