The European oil market shall get ready for fresh supply shocks in France still after the finishing of the present strike marathon, which has just only hardened companies decision to cut their French refining volume.
The French refining industry remained in a state of paralysis over the last month through countrywide protests in regards to the pension reforms. Key ports and plants have remained idle, imports of products have climbed to assist in ease shortages and losses have been predicted at up to 400 million Euros per day.
At the moment the strikes are giving up there momentum, analysts and industry specialists are starting to question whether a comeback to ordinariness of the French refining sector should last for long.
The major reason for the strike is very obvious, and this has in any way had to do something with pensions.
The French refining sector is in disaster as expressed by French economist Elie Cohen, head of research at the French scientific research center (CNRS).