CONVERSION GAINS REFLECT HEALTHY MARGINS

Richard A. Corbett Refining/Petrochemical Editor Crude oil distillation capacity at U.S. refineries increased only modestly in 1989 according to the Journal's exclusive, annual refining survey, but conversion and treating capacity showed respectable jumps. This is in line with the strong demand for gasoline, diesel fuel, and other high-quality products last year. That slight increase in crude capacity should keep the industry closely balanced with demand, keep its operating rates high,

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