(Bloomberg) -- The International Energy Agency, an
adviser to 26 oil-consuming nations, said refinery upgrades next
year will boost the potential to process heavier crude grades,
easing market tightness.
During the next five years, investment in equipment will
mean refiners will be better able to turn increasing quantities
of heavy crude and fuel oils into lighter products such as
diesel, the Paris-based IEA said in a report today. Global oil
demand will jump 2.5 percent next year to 88.21 million barrels
a day, it said.
Read more at Bloomberg Energy News
adviser to 26 oil-consuming nations, said refinery upgrades next
year will boost the potential to process heavier crude grades,
easing market tightness.
During the next five years, investment in equipment will
mean refiners will be better able to turn increasing quantities
of heavy crude and fuel oils into lighter products such as
diesel, the Paris-based IEA said in a report today. Global oil
demand will jump 2.5 percent next year to 88.21 million barrels
a day, it said.
Read more at Bloomberg Energy News
1 comment:
SWC had a very nice rally today. This is a great entry for this incredible bullish stock. It can be compared to PCU 4 years ago. Both return 2000% (20 folds) in just 4 years. I have made a very strong case for SWC super bull. Do your own DD on palladium.
Look at this perfect chart
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