[lbo-talk] "Golden age" of oil refining margins to end

uvj at vsnl.com uvj at vsnl.com
Thu Nov 1 17:08:39 PDT 2007


Reuters India

"Golden age" of oil refining margins to end http://in.reuters.com/article/businessNews/idINIndia-30223320071029?sp=true

Tue Oct 30, 2007

By Ikuko Kao

LONDON (Reuters) - The global "golden age" of record refining profits is likely to be over by the end of the decade thanks to more capacity from new plants and higher costs due to record crude prices, industry analysts say. Signs the boom is faltering have already emerged. ConocoPhillips suspended production at its German refinery for a month in August due to low margins, an unusually long shutdown in the peak summer driving season. http://in.reuters.com/article/businessNews/idINIndia-30223320071029?sp=true



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