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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: webmaster@cera.com@ENRON X-To: clients@cera.com X-cc: X-bcc: X-Folder: \SHARRIS1 (Non-Privileged)\Harris, Steven\Deleted Items X-Origin: Harris-S X-FileName: SHARRIS1 (Non-Privileged).pst Title: Atlantic Basin Heating Oil Markets Well Supplied Before Winter URL(s): http://www.cera.com/eprofile?u=35&;m=2800; *********************************************************************** 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 *********************************************************************** ************************************************************************************** CERAWeek February 11-15, 2002 - http://www.cera.com/ceraweek SPECIAL OFFER: Register on-line before November 30th, and a 2-Day Pass will be upgraded to a 4-Day Pass (maximum $1,800 value). Day 1: Global Oil/Refined Products; Day 2: Natural Gas/Global Energy; Day 3 & 4: Electric Power ************************************************************************************** To make changes to your cera.com profile go to: http://www.cera.com/client/updateaccount Forgot your username and password? Go to: http://www.cera.com/client/forgot This electronic message and attachments, if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may be privileged. Unauthorized disclosure, copying, distribution or use of the contents of this message or any attachments, in whole or in part, is strictly prohibited. Terms of Use: http://www.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2001. Cambridge Energy Research Associates
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