Platts' Eklavya Gupte, West Africa crude editor, and Ned Molloy, North Sea crude editor, discuss the biggest slide in Brent crude prices this year, including the impact of Chinese de-stocking on West African exports, the fragile recovery in European refining margins, and headlines on Iraq and Libya. The soaring cost of freight in the last week is also impacting the prospects for floating storage to cope with the supply glut.
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Platts 8th Annual European Refining SummitSeptember 23-24, Brussels, Belgium