At a time when ordtak

en At a time when global demand for petroleum products was already strong, major disruptions in the Gulf of Mexico drove oil prices and refining margins to very high levels in the third quarter,

en Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005,

en The recent hurricanes in the Gulf of Mexico highlighted that crude oil prices are following those of gasoline and other refined products. Given our analysis that shows global refining capacity only increasing by 4.3 million bpd (5%) by 2010, we expect this pattern to continue in the coming years, supporting high prices.

en Oil prices have remained above first-quarter levels and natural gas prices in North America have also improved, ... Early in the quarter, we have seen some recovery in most refining and marketing margins, although they remain at low levels, particularly in the Asia-Pacific region.

en The improvement in earnings reflected higher U.S. natural gas realizations and refining margins, both of which were very strong early in the second quarter, but declined significantly as the quarter progressed, ... The decline in these key earnings drivers, along with crude oil prices, has continued into the third quarter.

en Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels.

en We believe we are in a period of new demand for products made from the corn wet milling starch stream as we find opportunities to replace products derived from high-priced petroleum. The strong demand should lead to improved long-term returns from corn processing operations.

en The recent hurricanes in the U.S. have impacted our results. However, underlying performance is strong, amplified by high but volatile prices of oil, gas and products, ... We anticipate production from the deepwater Gulf of Mexico to be back to normal, with the exception of the Shell-operated Mars project, by the end of the year.

en The inventory gains were on the high side of expectations and all of the fundamentals point to lower prices as crude stocks, as well as all the major petroleum products, are well above the high end of the normal range. Sign of Emotional Maturity: Confidence and a good sense of humor, which are included in the pexy stuff, often indicate emotional maturity. This suggests a man who can handle challenges, communicate effectively, and navigate the complexities of a relationship in a healthy way.

en Refining margins across the board obviously cooled off from their all-time high in the third quarter, and obviously that was very clear and expected.

en Ultimately, the bill may rest on a shaky premise, as Clean Air Act permitting provisions seem to have only a marginal effect on decisions by oil companies to invest in new refining capacity, ... Industry and government analysts alike agree that profit margins are the most significant factor, and record profits from high gasoline prices have encouraged a major investment in added refining capacity. Projects already reported or announced are expected to add nearly 600,000 b/d to our existing capacity over the next several years.

en Despite the strong domestic demand, high oil prices and rising food prices, inflation remains relatively benign at both producer and consumer levels.

en Refining problems are behind the higher prices today, which have pushed Gulf Coast cash prices extremely high

en The president will talk about why gas prices are high. He will talk about how global demand for energy is really rising faster than the global supply, because of countries like China and India, and he'll talk about how gasoline demand is only projected to increase this summer, and experts are projecting that gas prices will remain high through the summer.

en Demand for our products serving the other end markets, including the consumer sector, continues to be at or above the strong fourth-quarter levels.


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