Economics
European Refiner Profit Soars on French Strikes: Energy Markets
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European oil refiners are getting the most profit from processing crude in two years as strikes in France curb production and winter heating-fuel demand rises.
The return from converting crude into fuels such as gasoline and diesel was $4.88 a barrel in the first two weeks of October, the highest level since 2008, according to data from BP Plc. That compares with an average of $2.59 in the third quarter of this year.