Monday, July 16, 2007

European Refining Margins Fall to Five-Month Low on Higher Brent Prices

(Bloomberg) -- Refining margins in Northwest Europe
fell to the lowest in five months as cuts in North Sea supply
pushed Brent crude oil to a record.

Brent cracking margins in Northwest Europe fell to minus
$1.96 a barrel on July 13, down from 35 cents the previous day,
according to data compiled by Bloomberg. That's the lowest level
since Feb. 2 when margins fell to minus $2.66.


Read more at Bloomberg Energy News

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