Europe Has ‘Decent Cushion’ of Diesel Reserves: SocGen
Societe Generale reports that Europe maintains a sufficient cushion of diesel reserves. France has suggested that developed nations release strategic petroleum reserves to help lower fuel prices.
Michael Haigh, global head of FIC and commodities research at Societe Generale, discusses levels of crude and diesel product in Europe’s strategic petroleum reserve. France has proposed that developed nations release reserves to ease surging prices at the pump. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
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