For the first time in four years, there’s no US crude getting exported to France as a workers strike in the European country upends normal trade flows.
French workers are protesting for higher wages amid soaring inflation, and that’s snarled operations at key oil refineries. The chaos in the nation’s energy industry means that companies including Exxon Mobil Corp. and TotalEnergies SE have been forced to curtail or suspend their local operations. US oil producers normally see steady demand from French plants that take crude and process it into fuels like gasoline.
View entirety: gCaptain