SOURCE: Industrial Info Resources

Industrial Info Resources

September 07, 2010 05:30 ET

Continued Economic Weakness Narrows Options for U.S. Refiners, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 7, 2010) -  Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Continued weakness in the U.S. economy is taking a toll on petroleum refiners, and there is little prospect for near-term improvement in margins, according to Chris Paschall, Industrial Info's vice president of global research for Petroleum Refining. "Refiner operating margins have dwindled from about $15 per barrel to about $6 at the start of September. Refiners today have two basic options: continue operating and pray, or shut down and wait."

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