Middle East Economic Survey

VOL. XLVII

No 39

27-September-2004

OIL PRICES

Refiners Not Interested In More Heavy Crude, Says Société Générale

Refiners are awash with heavy sour crude oil, supporting wide light-heavy crude differentials for the near term, according to Société Générale. In the report Weekly Oils: Sweet Crude Tomorrow But Never Today, published on 20 September, Société Générale Economist Deborah White observes: As Saudi Arabia swears and inter-grade crude differentials bear witness,...