September 2004

Trends and Resources

HP In Brief: HPIn Brief

  Industry spending to exceed $169 billion This year's fi..

Weirauch, Wendy, Hydrocarbon Processing Staff

  Industry spending to exceed $169 billion This year's first half saw several encouraging industry developments, including strength in global refining margins. This led to increases in refiners' earnings, while refining operating rates in the US continue to be over 94%. "Increases in consumer product demand for petrochemicals and refined products are projected to continue through 2005," according to HP's HPI MarketData 2005. HPI construction activity and spending is favor

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