Middle East Economic Survey


No 40


SG Estimates Hurricane Rita Gasoline Loss At 7.5Mn Barrels

Even if Hurricane Rita inflicted no refinery damage whatsoever, it would still cost the market 7.5mn barrels of gasoline and 5.4mn barrels of middle distillates production, according to Société Générale (SG). In the Special Edition: Oils report of 23 September, SG analysts Deborah White and Alexandre Kervinio explain that these figures allow for an average four days of refinery...