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France’s Top Oil Refinery Halting as Strike Impact Deepens

From bnnbloomberg.ca

France’s top oil refinery is set to halt because of a workers’ strike over pay, the latest hit to the nation’s fuelmaking capacity from the weeklong industrial action. TotalEnergies SE is halting its refinery in Normandy, according to a union official. The step means almost two-thirds of the nation’s oil processing is now either fully offline or severely impacted by strikes or a recent fire. Exxon Mobil Corp., whose plants are also affected, said it’s limiting fuel supplies. The dispute underscores the tensions that have been bubbling up in the wake of a cost-of-living crisis that stretches far beyond France’s ... (full story)

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  • Category: Fundamental Analysis