Product margins shrug of French strikes

摘要

1.Light and middle distillate margins came under pressure from plentiful supplies and muted demand, although heavier products enjoyed some IMO-led support. 2.Eurobob oxy gasoline’s premium to North Sea Dated fell to a three-week low of $2.81/bl. Support from French refnery outages has been short-lived, given lack- lustre demand and buoyant inventories. US stocks posted the largest weekly build in four years, reaching nine-month highs of over 250mn bl.