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French Refinery Strike Talks Making Little Progress


France’s CGT trade union has rejected the latest offer for early wage talks with TotalEnergies and said strikes will continue.

  • More than 60% of France's refining capacity has been taken offline by the strikes, including those of Exxon, driving diesel prices higher and prompting the country to increase imports of the fuel.
  • Refining margins for northwest European diesel barges rose to their highest since early March on Friday, in part pushed by French strike action.
  • Over a third of French filling stations are short of at least one product according to government officials yesterday – a trend that is growing.

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