Middle East Economic Survey
VOL. XLVIII
No 26
27-June-2005
Refiners Barely Able To Meet Distillate Demand, Says SG
Refining capacity constraints have taken soaring crude oil prices beyond the reach of OPEC controls, according to Société Générale (SG). In the Weekly Oils report of 20 June, SG analysts Deborah White and Alexandre Kervinio observe: OPEC is incapable of reducing prices in todays market, as they reminded us so clearly this week talking up the market in the process. They offered us...
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