September 2007

Trends and Resources

HP Impact: HPImpact: Near-term refinery balances hinge on operational changes

Growth in oil products supply from outside of the refining system will lead to a potential oversupply situation in 2010. So predicts a new downstream report from Wood Mackenzie (www.woodmac.com). Non..

Weirauch, Wendy, Hydrocarbon Processing Staff

Growth in oil products supply from outside of the refining system will lead to a potential oversupply situation in 2010. So predicts a new downstream report from Wood Mackenzie (www.woodmac.com). Non-refinery supply is forecast to grow by just over 80 million tons (MMton) between 2006 and 2010 due to increased NGLs production and from the drive to increase biofuels consumption. Rising project costs have started to dampen the effect of new refinery capacity due onstream, by delaying a number of key projects post-2010. The impact of this alone is not enough to counter the oversupply issue. "Large clean-product surpluses emerging in the Middle East and Asia-Pacific are projected to affect

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