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Return of French Refineries Eases Product Concerns

OIL PRODUCTS

French refinery and port workers have called off a month-long strikes over changes to pension reform though further stoppages remain in play.

  • Refineries are restarting and a backlog of seaborne deliveries is beginning to clear.
  • Strikes have ended at TotalEnergies' 219,000 b/d Donges, 109,000 b/d Feyzin and 246,900 b/d Gonfreville refineries.
  • ExxonMobil workers voted to end strike action last week and the company's 236,000 b/d Port Jerome refinery and adjacent Gravenchon petrochemical unit are close to resuming full operations.
  • The strikes started on 6-7 March and have pressured French energy logistics.
  • Unions said today there will be another round of stoppages on 13 and 14 April, but these are planned for 48 hours only.

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