European Gasoil Is Little Changed Amid Disruption to North Sea Oil Output

(Bloomberg) -- European gasoil prices were little
changed near seasonal highs as disruption to production in the
North Sea cut crude supplies to refineries in Europe and the
U.S., and refining margins declined.

Refiners in Sweden and the Netherlands reduced operating
rates after refining margins for Brent crude turned negative,
making processing of the most expensive benchmark grade
unprofitable. Producers in the North Sea curbed output earlier
this month after an undersea natural-gas pipeline was shut for
maintenance.


Read more at Bloomberg Energy News