24/7 Wall St.
05-16-2008, 07:15 AM
24/7 Wall St. Daily News
Oil refiners have decided to produce more diesel and less gas. They believe that diesel is more profitable, which is true, and that demand for it will rise in developing countries, which may not be true. Refiners have been losing money as the price of oil rises. They cannot always pass the increase on to customers. And, diesel prices are up 56% over the last year while gas in up only 20%. That makes gas production a bad deal. According to The Wall Street Journal "Diesel's higher price means the fuel is more lucrative for refiners at a time when...http://feeds.feedburner.com/~f/typepad/RyNm?i=EFx7lH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EFx7lH) http://feeds.feedburner.com/~f/typepad/RyNm?i=fwzQGH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=fwzQGH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Kh7seh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Kh7seh)
complete story here... (http://www.247wallst.com/2008/05/the-oil-refiner.html)
Oil refiners have decided to produce more diesel and less gas. They believe that diesel is more profitable, which is true, and that demand for it will rise in developing countries, which may not be true. Refiners have been losing money as the price of oil rises. They cannot always pass the increase on to customers. And, diesel prices are up 56% over the last year while gas in up only 20%. That makes gas production a bad deal. According to The Wall Street Journal "Diesel's higher price means the fuel is more lucrative for refiners at a time when...http://feeds.feedburner.com/~f/typepad/RyNm?i=EFx7lH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EFx7lH) http://feeds.feedburner.com/~f/typepad/RyNm?i=fwzQGH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=fwzQGH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Kh7seh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Kh7seh)
complete story here... (http://www.247wallst.com/2008/05/the-oil-refiner.html)