Message-ID: <9282981.1075858456386.JavaMail.evans@thyme> Date: Thu, 7 Jun 2001 19:01:41 -0700 (PDT) From: webmaster@cera.com To: nsights@cera.com Subject: US PRODUCTION REBOUND IN MAY COOLS THE MARKET - CERA Alert Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: webmaster@cera.com@ENRON X-To: nsights@cera.com X-cc: X-bcc: X-Folder: \Vince_Kaminski_Jun2001_10\Deleted Items X-Origin: Kaminski-V X-FileName: vkamins.pst Title: Refined Products Market Update: Atlantic Basin Gasoline Markets--Has the Peak Passed? URL(s): http://www20.cera.com/eprofile?u=35&m=2481 *********************************************************************** US PRODUCTION REBOUND IN MAY COOLS THE MARKET Signs are emerging that the worst of this year's Atlantic Basin gasoline supply crunch may have passed, just as the peak demand season starts. In CERA's view, market developments in May demonstrate that there is sufficient refinery supply capability in the Atlantic Basin to meet summer gasoline demand, as long as refineries and pipelines operate smoothly. However, it is also clear that there is very little flexibility in the system, particularly for fuels with the tightest specifications and in regions with limited supply alternatives. Hence CERA sees two potential paths for Atlantic Basin gasoline markets in the coming months: * Smooth operations lead to margin/price moderation. * Further disruptive events cause renewed margin/price spikes. **end** Follow above URL for complete Alert. E-mail Category: Alert CERA Knowledge Area(s): Global Oil CERA's Spring 2001 Roundtable event dates and agendas are now available at http://www20.cera.com/event *********************************************************************** To make changes to your cera.com profile go to: http://www20.cera.com/client/updateaccount Forgot your username and password? Go to: http://www20.cera.com/client/forgot This electronic message and attachments, if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may be privileged. Unauthorized disclosure, copying, distribution or use of the contents of this message or any attachments, in whole or in part, is strictly prohibited. Terms of Use: http://www20.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2001. Cambridge Energy Research Associates