Using Valero's forecast and a 4.3 3-year historical average for this period, we estimate an incremental supply loss of about 260,000 bd over this 4-month period. Moreover, with much of the turnaround work expected to focus on the refineries' cat cracking units, a disproportionate amount of the production loss will likely be gasoline, reducing inventories (currently at historically average levels) ahead of the summer driving season.
More Quotes from Jean Jacques Rousseau:
Temperance and labor are the two best physicians of man labor sharpens the appetite, and temperance prevents from indulging to excess.Jean Jacques Rousseau
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Take from the philosopher the pleasure of being heard and his desire for knowledge ceases.
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