June 1999

Trends and Resources

HP Impact: HPImpact: Jet, residual fuel gain in 1999 markets

The most recent monthly forecast from analysts Purvin & Gertz Inc. (P&G) assesses refining products demand and forecasts potential growth areas. Highlights from the outlook follow. Petroleum demand..

Weirauch, Wendy, Hydrocarbon Processing Staff

The most recent monthly forecast from analysts Purvin & Gertz Inc. (P&G) assesses refining products demand and forecasts potential growth areas. Highlights from the outlook follow. Petroleum demand. U.S. production demand for 1998 is estimated at about 18.8 million barrels / day (MMbpd) on adjusted figures. This represents only a 0.8% rise from 1997 – with relatively weak jet, even after adjustments. Losses in "other products" counter-balanced relatively strong gains in gasoline and residual fuel. First-quarter 1999 gains are expected to be 3.4%, which reflects especially strong showings for jet and residual fuel: up 7.7% and 10%. Gasoline, distillate and "other" produ

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