Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

SUPPLY/DEMAND

Lower Refining Margins, Product Sales And Tanker Rates Suggest Softer Demand, Says ISI

Far Eastern refining margins have headed lower in the second half of October, despite a significant reduction in petroleum product exports from China in September, International Strategy and Investment Group (ISI) said in its Integrated Oil Update of 31 October. While the figures are above the five-year average, levels are a third of...