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Crude oil increases: thirteen-year high in Brent crude shakes market.

Asia Africa Intelligence Wire

| May 17, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Chemical Business NewsBase - European Chemical News)

Petrochemical markets worldwide have been affected by the highest crude oil prices for 13 years. Production at OPEC 10 is 1 M bbl/day higher than its quota of 23.5 M bbl/day but the average price was still significantly higher than the price target range. In the US, gasoline stocks are low …

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