The health of the European refined products market is steadily improving as vaccine roll-outs continue to gather pace and demand slowly returns, but plenty of hurdles remain before the industry can breathe a sigh of relief.
Low refinery runs and firm export demand have tightened European road fuel supply this winter, even as strict Covid-19 travel restrictions returned. European refineries responded to the return of Covid restrictions by slashing runs on an unprecedented level.
After three consecutive months of rising costs at the pumps, the average price of both petrol and diesel stayed the same in September, according to analysis by RAC Fuel Watch.
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