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...
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