CERA: Refiners face change in liquids supply composition

02/25/2008
The refining industry faces new reconfiguration and investment challenges to avoid shortages of diesel, heating oil, and jet fuel while minimizing the risk of a decline in refining capacity utilization, said officials of the Cambridge Energy Research Associates in Houston. Growth in liquids supply capacity will be “more than sufficient” to match the volumetric increase in demand, but the “cocktail” of hydrocarbons in the liquids supply will change, with light liquids accounting for 32% of the total supply in 2020, up from 19% in 2007, CERA said.“While refined product demand growth becomes increasingly concentrated in the middle of the barrel, particularly for...
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