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To: Frank who wrote (65060)	4/20/2000 12:16:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

From PetroDispatch: Appetite for crude is expected to rise shortly as European refineries complete one of their most extensive spring maintenance programmes for years. The work has taken out an estimated one million barrels per day (bpd) of capacity, according to some estimates. 'We are seeing one of the largest refinery maintenance programmes in Europe for many years, so the actual physical demand for crude is lower than it would be normally in the second quarter,' said David Stedman of Daiwa Research. 'So I think that where we are at the moment -- the $22s, the $23s, is a little temporary. So I would expect that as those refineries come back on stream we would move back to the $24-$25 level for Brent within a month's time,' he added.