15 July 2011 14:01 [Source: ICIS news]
LONDON (ICIS)--The European refined product markets have been little affected by the Russian government's plans to create a domestic oil product reserve system, sources said on Friday.
The reserve is designed to guard against fuel shortages, which some areas of ?xml:namespace>
The reserve system would likely diminish the quantities of material available to the rest of
“We’ve not seen any impact yet,” said a source in the gasoline industry. “We cover the strategic stocks market here and no one is talking about it yet.”
A broker in the jet fuel barge market who was asked about the effect of
“There’s less material coming out of
However, other sources in the naphtha market had not noticed any impact so far.
Diesel market participants had also not yet observed any effects.
“We have not seen much to suggest it has had any effect yet,” said a gasoil and diesel broker.
The fuel shortages suffered by some regions of
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