echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > French workers strike disrupts trade U.S. crude oil was cut off to France for the first time in four years

    French workers strike disrupts trade U.S. crude oil was cut off to France for the first time in four years

    • Last Update: 2022-10-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    U.
    S.
    crude cannot be exported to France for the first time in four years because worker strikes in France disrupt normal trade flows, and some oil exports are being diverted to Denmark and Italy
    .

    Amid soaring inflation, French workers staged protests demanding higher wages, which hampered the operation
    of major refineries.
    The chaos in the country's energy sector means including ExxonMobil (XOM.
    US) and Total (TTE.
    US) and others have been forced to cut or suspend local operations
    .
    Typically, demand is stable in French plants, which produce crude oil and process it into fuels
    such as gasoline.

    So far this month, no U.
    S.
    crude has been shipped to French ports
    , the data showed.
    Vortexa analyst Rohit Russod believes that if this situation continues, it will be the first time
    since September 2018 that France will not be able to import US oil smoothly.

    Ironically, supply disruptions could exacerbate the inflation, which led French workers to strike
    .
    Ahead of the European Commission's next round of sanctions against Russia in December, most countries in the region are rushing to secure oil supplies, which could mean further disruptions
    to energy trade flows to the continent.
    U.
    S.
    oil imports have been one of the main sources of
    alternative supply.

    Lassode said most of the U.
    S.
    oil that doesn't reach France is diverted to other European destinations
    .
    Including Denmark and Italy
    .


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.