31. However, a decline in seasonal demand for heating oil and other products together with uninterrupted exports from Iraq helped depress prices. 32. However, profit margins narrowed for refiners, portending possible trouble later in the year when seasonal demand for heating oil starts to rise. 33. In fact, Naimi foresaw an increase in seasonal demand for crude as refiners begin processing heating oil for sale this winter. 34. In the wake of the government-mandated deregulatory steps, Japanese airlines are now allowed to set variable ticket prices depending on such factors as seasonal demand. 35. It also simplified application requirements and adjusted the quota year to synchronize it more with seasonal demand patterns. 36. It attributed the sharp increase to seasonal demand typical for the period. 37. Nonetheless, OPEC oil ministers and analysts alike foresee a need for more crude later in the year if seasonal demand perks up as expected. 38. Nonetheless, most observers foresee a need for more crude later in the year if the seasonal demand for gasoline and heating oil perks up as expected. 39. Nonetheless, most observers foresee a need for more crude later in the year if seasonal demand perks up as expected. 40. OPEC members also are anticipating a slowdown this spring in seasonal demand for heating oil and gasoline as the weather starts to warm in many importing nations. |