Good News for U.S. Refiners: Margins Widen on Forecast Increase in Demand, an Industrial Info News Alert

SUGAR LAND, TX, Apr 06 (MARKET WIRE) --
Written by John Egan for Industrial Info Resources (Sugar Land, Texas) --
The long-suffering U.S. Petroleum Refining Industry has some good news:
refining margins have widened considerably in recent months. That, plus
the normal summer increase in demand, is causing refiners to start
dusting off long-delayed capital and maintenance spending plans,
according to Chris Paschall, Industrial Info's vice president of research
for the Oil & Gas Industry. Recent announcements of permanent refinery
closures by Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas),
Sunoco (NYSE:SUN) (Philadelphia, Pennsylvania) , and Total SA (NYSE:TOT)
(Paris, France) are being offset by refinery expansions that have been
completed or announced. Marathon Oil Corporation (NYSE:MRO) (Houston,
Texas) recently completed a $3.9 billion expansion of its refinery in
Garyville, Louisiana.

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