Refiners of heavy, high-sulfur crude face prosperous year

Refiners face several prosperous years, especially those able to convert heavy, high-sulfur crude to light products, industry representatives said at a conference in London.Population growth and an increase in per-capital energy consumption in rapidly developing China and India will keep demand strong, said Tom O'Malley, chairman of US independent refiner Premcor Inc.Other speakers at a Wood Mackenzie refining seminar held in conjunction with the Energy Institute's International Petroleum Week assessed refining prospects in specific regions."The biggest winners in the refining industry will be those companies that can deal with very heavy and high-sulfur crude oil," O'Malley s...

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