Zhitong Financial APP learned that it was reported that$Exxon Mobil Corp (XOM.US) $Workers at the Fos-sur-Mer refinery in southern France have been on strike since Tuesday night over demands for higher wages.
It is reported that the Fos-sur-Mer refinery has an annual refining capacity of 7 million tonnes, equivalent to 10 per cent of France's refining capacity. The strike has led to the shutdown of some equipment at the refinery, which can process 131000 barrels of crude oil a day. It is worth noting that the strike is part of the union's broader action and the situation is likely to deteriorate further in the future.
The strike in the energy industry comes as the French government faces pressure to ease inflation and requires energy companies to help consumers cope with high oil prices by extending and increasing subsidies.