VOL. XLIII

No. 11

13-March-2000

SUPPLY AND DEMAND

Wood Mackenzie Predicts Slow Demand Growth But Improved Margins For Europes Refiners

Demand for oil products across Europe is expected to grow by around 0.75% a year to 2005 after falling 0.5% to a total of 700mn tons in 1999, with most growth in southern Europe, according to Wood Mackenzie Consultants of Edinburgh. However, after Europes refiners saw their lowest gross margins for a decade last year, there is expected to be a return to better...