Ample U.S. stocks of low sulfur diesel likely will minimize refiner/marketers' logistical problems stemming from new federal sulfur requirements for highway diesel fuel that took effect Oct. 1. Uncertainty about the depth and breadth of the market that low sulfur diesel could capture has prompted U.S. refiners to build more low sulfur diesel manufacturing capacity than is expected will be needed. Estimates vary, but many industry sources believe U.S. low sulfur diesel fuel processing capacity exceeds demand by 10% or more. The American Petroleum Institute estimated August 1993 low sulfur diesel production at 1.1 million b/d, about 3...

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