Slow death of fuel oil gets quicker thanks to gas - Moneycontrol.com

By
Viraj
on April 11, 2010 12:52 AM | | TrackBacks (0)
Refining margins for fuel oil look set to fall deeper into the red as traditional demand sources dry up due to fuel switching.

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Sinking profit margins are particularly bad news for simple refiners, lacking the capacity to upgrade the sludgy substance to lighter transport fuels for which demand is bouncing back.

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Fuel oil fundamentals have been under siege for years, especially in the developed world, because of stricter environmental legislation in shipping and power generation.

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This page contains a single entry by Viraj published on April 11, 2010 12:52 AM.

Rex Energy Corporation to Present at IPAA Oil and Gas Symposium - CNNMoney.com (press release) was the previous entry in this blog.

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