Friday July 20, 1:47 pm Eastern Time
FBR Sees Refined Products Supply Crunch Looming in the United States
Independent Refiners Now Under Coverage, Including: Valero, Tesoro, Frontier, Ultramar Diamond Shamrock, Sunoco, Holly, and Ashland
biz.yahoo.com
ARLINGTON, Va., July 20 /PRNewswire/ -- Friedman, Billings, Ramsey & Co., Inc., a subsidiary of Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR - news), today identified a looming supply crunch for refined petroleum products -- a trend that will likely strengthen the entire independent refining group of companies. FBR also announced that it now has seven of the refining industry's largest independent players under coverage.
In a 104-page report, ``Redefining Refining: Supply Crunch Looming,'' FBR Senior Energy Analyst Jacques Rousseau, CFA, concludes that, ``The intermediate- and long-term outlook for the refining industry is favorable given the increasingly stringent environmental regulations related to clean air standards for gasoline and highway diesel fuel, and the potential nationwide ban on the gasoline additive MTBE, which would remove between five to ten percent of refined product supply from the U.S. market over the next five years.'' |
