(Bloomberg) -- European gasoil for delivery in
August rose as disruption to production in the North Sea and
offshore Angola cut supplies of easy-to-refine crude for
refineries in Europe and the U.S.
Refiners in Sweden and the Netherlands reduced operating
rates after refining margins for Brent crude fell to negative,
making processing of the most expensive benchmark grade
unprofitable. Producers in the North Sea cut output earlier this
month after an undersea natural-gas pipeline was shut for
maintenance.
Read more at Bloomberg Energy News
August rose as disruption to production in the North Sea and
offshore Angola cut supplies of easy-to-refine crude for
refineries in Europe and the U.S.
Refiners in Sweden and the Netherlands reduced operating
rates after refining margins for Brent crude fell to negative,
making processing of the most expensive benchmark grade
unprofitable. Producers in the North Sea cut output earlier this
month after an undersea natural-gas pipeline was shut for
maintenance.
Read more at Bloomberg Energy News
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