VOL. XLV

No 34

26-August-2002

SUPPLY/DEMAND

Long-Term Light Crude RefinerDemand Set To Widen Light/Heavy Price Spreads, Says EMC

Inthe period to 2010, there is likely to be a move towards lighter, high sulfurincremental crude production in the short-term, with a move back towardsheavier, high sulfur crudes in the period 2005-2010,according to a study entitled Crude andProducts Quality Changes: The Implication for Refining and Price Differentials byLondon-based Energy Market Consultants (EMC)...