Title: Atlantic Basin Heating Oil Markets Well Supplied Before Winter
URL(s):

http://www.cera.com/eprofile?u=35&m=2800;


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HIGH INVENTORIES AND WEAK JET DEMAND SHAPE THE HEATING OIL MARKET

Atlantic Basin heating oil markets are comfortably supplied in the lead-up to
the winter 2001/02 heating season, and accordingly CERA expects much weaker
distillate-to-crude price differentials than those of a year ago.

*  Primary distillate inventories in North America are well above those of a
year ago, and German heating oil stocks are as much as 60 million barrels
higher then last year.

*  Weakening jet fuel demand effectively increases availability of refinery
distillate supply capability.

*  Distillate consumption in switchable applications in North America will be
much lower than they were last year, when a very tight natural gas market
boosted distillate demand.


**end**

Follow above URL for complete Alert (3 printed pages).

E-mail Category: Alert
CERA Knowledge Area(s): Global Oil


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