Surge in light crude trade altering market for Atlantic basin refiners

Changes in Atlantic Basin Oil Output [54,512 bytes] World crude oil production currently is booming. It increased by more than 2 million b/d in 1996 and was likely to grow by a similar amount in 1997 and possibly even more in 1998. By the year 2005, world crude and condensate production may be as much as 15 million b/d higher than the 1996 level.

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