(Bloomberg) -- Crude oil and gasoline plunged after Belgian refiners and workers agreed to a new proposal to resolve a labor dispute and avert a strike.
Belgian oil workers had threatened to go on strike May 10 and halt operations at four refineries in Antwerp with a combined processing capacity of more than 600,000 barrels a day. Royal Dutch Shell Plc, Nigeria's largest foreign oil producer, expects its Forcados export facility in Nigeria to resume operations in June, the company's chief financial officer said today.
Read more at Bloomberg Energy News
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