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Saturday, November 21, 2009 9:15 AM

Published 11/04/2009 by Nasdaq


Distillates In Floating Storage To Be 'Overwhelming' in 2010 Economist

SINGAPORE -(Dow Jones)- The global glut of middle distillates in floating storage will 'continue to be overwhelming' in 2010, Edward Morse, chief economist for Louis Capital Markets, said.

Speaking Tuesday at the Asia-Pacific Petroleum Conference in Singapore, Morse said floating storage would likely reach 75 million-85...

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...he added. "Overcapacity has been driven not by economic, but political factors" he said
Distillates In Floating Storage To Be 'Overwhelming' in 2010 Economist [Nasdaq - 11/04/2009]
"The world as a whole will come out of this with a lower percentage demand path" he said
Distillates In Floating Storage To Be 'Overwhelming' in 2010 Economist [Nasdaq - 11/04/2009]

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