Euroilstock refinery data paints run cuts picture

LONDON, Feb 21 (Reuters) - Refinery runs fell by 33,000
barrels per day last month in Denmark, industry data showed on
Thursday, lending credence to traders' reports of run cuts at
Royal Dutch Shell's (RDSa.L: Quote, Profile, Research) 70,000 bpd Fredericia refinery.

The International Energy Agency said this month that
economic run cuts in January and February are the most extensive
in five years as product prices failed to keep up with crude's
rally to $100.

Danish runs fell from 172,000 barrels per day in December to
139,000 bpd in January, data from industry monitors Euroilstock
showed.

Traders have said the Shell refinery could have cut runs by
as much as half.

A refinery source declined comment on the rumour.

Runs were higher in Belgium despite a high concentration of
simple refineries and trader reports of a cut at Petroplus
(PPHN.VX: Quote, Profile, Research) BRC refinery.

Other plants in Europe which have cut runs include Petroplus
Teesside, Preem Gothenburg and ConocoPhillips (COP.N: Quote, Profile, Research)
Wilhelmshaven, trade and industry sources have said.

German runs fell by about 50,000 bpd, while Euroilstock's
revised estimate showed stable runs in Britain of 1.5 million
barrels per day.

French runs fell by nearly 100,000 barrels per day, while
fresh data on runs in other countries with substantial refining
capacity, such as Italy and Spain, were only trimmed.
(Reporting by Melissa Akin; editing by Anthony Barker)