API REPORT: Oil

Finally, refinery operations declined to 84.4 percent, a bit surprising since crack spreads have impoved fro prompt barrels. Looking forward, however, refinnig margins continue to be tight. that could portend SUPPLEY DISRUPTIONS COME SPRING. (my emphasis)

DOWNSTREAMER responded:

While none of the API weekly stock changes are any big surprise .... etc. I believe Downstreamer's messages on this board are copyrighted, however -- so you better have a looksee for yourself. Gist is that refining slipped another 3.3 percent below capacity despite "crack spread" and cash for immediate delivery -- which ordinarily would have served as ample in$entive to reinfers to kick up the output.......

http://pub3.ezboard?fdownstreamerventurespetroleummarkets. Hope someone comes along to do a hotlink. Downstreamer concurs in API projection of supply problems this spring.

>"<

-- Squirrel Hunter (nuts@upina.cellrelaytower), February 09, 2000

Answers

Squirrel Hunter,

I was going to hotlink that URL, but it doesn't work. Check to see what the URL is and post it again.

-- Linkmeister (link@librarian.edu), February 09, 2000.

link meister,

Try

htt://server5.ezboard.com/fdownstreamerventurespetroleummarkets.htm

also

http://pub3bdownstreamerventures.html

-- Maggie (song bird@iwon.com), February 09, 2000.

Link

Regards to all rodents....

-- Pieter (zaadz@icisp.net.au), February 09, 2000.

Link

-- Possible Impact (posim@hotmail.com), February 09, 2000.

Cool thing about the oil industry is that you get to use the phrase "crack spread" in polite conversation.

-- number six (#@#.com), February 09, 2000.

---ROFLMAO #6! I'm "crakin" up!

-- zog (zzoggy@yahoo.com), February 09, 2000.

zog, pay no attention to #6 - he's suffering from heat stroke. ;-)

The 84.4% number turned up in an OPIS Alert yesterday. I'm wondering what the numbers would normally be. It struck me at the time that 84% must be pretty encouraging given routine maintenance, or whatever, but maybe not?? What percentage do we normally need to maintain to keep up with demand?

-- Brooks (brooksbie@hotmail.com), February 09, 2000.

THANKS for the link.

Number Six, I understand that in Ireland "crack" MEANS polite conversation.

>"<

-- Squirrel Hunter (nuts@upina.cellrelaytower), February 09, 2000.