Middle East Economic Survey

VOL. XLVII

No 31

02-August-2004

SUPPLY/DEMAND

Sour Crude Supply Growing But Demand Constrained, Says Deutsche Bank

Worldwide production of heavy sour crude is rising, but global capacity to handle these grades is not increasing at the same time, according to Deutsche Bank. In the report Drowning In Sour Oil, published on 28 June, Deutsche Bank analysts Jay Saunders, Paul Sankey and Mohan Mandrekar write: Much of the sour crude penetration is occurring close to the US,...