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Posts Tagged ‘ Distillates ’

US Oil Refiners to Cash In on Global Diesel Boom

May 19th, 2008 | By Contrarian Profits | Category: Featured, Financial News

As high prices at the pumps and the rise of biofuels cut into demand for gasoline, US oil refiners are switching their attention to diesel.

“The trend that is important behind the story of the future expansions is the downtrend in gasoline,” said Joanne Shore, analyst for the U.S. Energy Information Administration, speaking to Thomson Reuters.

“We feel that demand for distillates is going to be higher than gasoline for the next several years.

Tags: diesel, Diesel Fuel, Distillates, ethanol, gas prices, Gasoline, John Mccain, Oil Crisis, Oil Refiners
Posted in Featured, Financial News | Comments2008-05-19+19%3A48%3A04Contrarian+Profits

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