No. 15


US Refiners Have Started To Rebuild Inventories

While the US government put pressure on OPEC to raise production because of fears over US inventories and rising gasoline prices, a report from Salomon Smith Barney suggests that US refiners had already begun to build stocks ahead of the OPEC meeting. In its report US Inventory Builds, Refinery Utilization Exceeds 90% issued 4 April, Salomon Smith Barney said preliminary data showed that US inventory built relatively...