Barbassa notes that generally sales of oil products lag GDP growth by a couple percentage points.
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Rob Routs is executive director of oil products and chemicals for Royal Dutch Shell.
With demand for oil products booming in India, suppliers are scrambling to keep up.
Then there is pipeline policy needed to get feedstock to refineries to manufacture into oil products for consumers.
The company is a global manufacturer of petrochemicals, specialty chemicals and oil products.
Over 300, 000 barrels a day of Venezuelan oil products is sold at a discount under a variety of concessionary deals.
And, of course, the cost of oil and oil products is, and will continue to be considerably higher than for natural gas.
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Additionally, the pollution from oil and oil products when used as fuel is dramatically higher than natural gas, which would replace them.
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Thus, there should not be any shortages in refined oil products such as gasoline from this incident (especially as long as the LOOP remains operational).
Venezuela has slipped from being the top supplier of crude to the United States, its natural market, to the fourth-biggest (or second when oil products are added).
Factory output is rising, consumer spending has been surprisingly strong, and for the first time in decades, the US is a net energy exporter of refined oil products.
"Even small distortions of assessed prices may have a huge impact on the prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers, '" the Commission said.
China Integrated Energy, Inc. (CBEH) : A non-state-owned company, China Integrated has three main businesses: the wholesale distribution of finished oil and heavy oil products, the production and sale of biodiesel, and the operation of retail gas stations.
Bush's plan, which aims to insulate consumers from high prices while fattening stores of gasoline and other refined oil products, will likely call for the boosting of domestic refining capacity, perhaps by building as many as 40 oil refineries over the next 20 years.
So, with growing demand for gasoline and other refined-oil products driving the prices and profits for all refiners upward, and with companies like Valero reaping the rewards of a widening price gap between sour and sweet on the upstream side, sour refiners like Valero are going to continue their monster returns.
Mr Lukashenka has also sabotaged the customs union with Kazakhstan and Russia, demanding that Russia scrap its export duty on oil and oil products, which would allow Belarus to buy them at Russia's domestic prices and to re-export them at a profit. (Russia wants to keep oil out of the union for now.) Russia's response is to reach for its favourite weapon: the gas taps.
Valero Energy , a refiner that processes lower quality crude oil into products like gasoline and jet fuel.
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It is one thing for the city of Bellingham, Washington to ban oil sands products from its municipal fleet.
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In North America, they are one of the largest players as they hedge their own production and also prop trade to make profits in nat gas, oil, products, LNG, power, NGLs, etc.
In 2010, he prodded the Sara Lee Corporation to commit to purchasing palm oil from suppliers that are members of the Roundtable on Sustainable Palm (RSPO), an international organization of producers, distributors, conservationists and other stakeholders, formed in 2004 to promote the growth and use of sustainable oil palm products.
The proposed act focuses on the central impediment to energy security: Our transportation sector is virtually entirely powered by oil-derived products (gasoline and diesel fuels) and consumes two-thirds of the oil we use in this country.
ConocoPhillips refines crude oil into petroleum products such as gasoline, distillates and aviation fuels.
This unit also includes the buying, selling and transporting of crude oil and petroleum products.
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Refineries profit from the difference between crude oil and refined products, such as gasoline.
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The wider the spread between crude oil and refined products, the more profitable refiners are.
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He said China would invest heavily in the Venezuelan oil industry and increase purchases of oil and other products.
Basically, the higher oil prices are, the more oil and derivative products will be sold, which should increase profits.
Mike Schaffner directs information technology for the Valve and Measurement Group of oil and gas products and services company Cameron in Houston.
The investigation relates to the pricing of oil, refined products and biofuels.
Another top buy was Calumet Specialty Products Partners, an Indianapolis-based refiner of crude oil into fuels and products for lubrication and paints.
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