Maintenance works are starting at a number of refineries in Europe as demand for products and margins remain under pressure. Some plants have also decided to halt fully or keep units offline while others reduce throughput. **Galp has stopped fuel production at the smaller of its two Portuguese refineries at Porto since Oct. 10, the company said. As a result of the COVID-19 impact fuel production has halted at the site for a second time this year, the company confirmed. The company reported a negative benchmark refining margin in Q3, averaging minus 70 cents/b compared to Q2’s average of $1.80/b and Q3 2019’s average of $3.90/b, citing an “extremely weak distillate cracks environment during the period.” The refinery was previously halted under similar circumstances in April as fuel demand was crippled by pandemic measures impacting […]