September 21, 2009
Oil & Gas
Cracking Times # 1
Introducing Cracking Times: This report is the first
edition of our review of European refining markets,
which we intend to publish on a monthly basis. We
highlight: 1) thoughts following our attendance of last
week’s Platt’s European Refining Markets Conference;
and 2) our upgrade of MOL to Overweight and the
increase in our Saras price target to