Just this week, Oil Price Information Service (OPIS: http://www.opisnet.com) confirmed with shipping sources that the huge export refinery in Jamnagar, India will send more than 1-million barrels of gasoline and blendstock to the U.S. in October. Although U.S. refined fuel prices have slumped since late August, and U.S. refinery profits have narrowed, there is currently a surplus of gasoline and other light fuels in Asia. Surplus refining production in Asia, South America, Europe, and even Africa, has combined with aggressive freight rates to create the most brisk import/export trade ever witnessed in the petroleum supply business.

The Indian imports should show up when July data is published by the Energy Information Administration (EIA). Extensive import data recently published showed June gasoline and gasoline components' imports from 31 countries, including traditional export refineries in Canada, France, Spain, Venezuela, and Russia, but also little known source countries as diverse as Belarus, Latvia, South Korea, Taiwan, Ecuador, Nigeria, Peru, and even Libya.

This continuing explosion in imports, and in some cases U.S. exports, will be comprehensively covered at this year's 11th Annual OPIS National Supply Summit, Oct. 18-20 at the Lake Las Vegas Resort, NV. (http://www.opisnet.com/supply). EIA top analyst Joanne Shore presents a look at how the much busier inflow/outflow of products may change traditional relationships between gas, diesel, and crude, and also impact profitability for major oil companies like BP, Chevron, ExxonMobil, Shell and ConocoPhillips as well as independent refiners such as Alon, CVR, Frontier, Holly, Marathon, Murphy, Valero and Tesoro.

But it's not just physical oil movement that will determine the likely price trajectory through 2010. Louis Capital Markets Chief Economist Edward Morse examines the factors that often lurk beneath the surface of paper trading for crude and products. And United Energy ICAP President Walter Zimmerman gives his exclusive forecast on how the tug-of-war between inflation and deflation may influence trends through the remainder of 2009 and all of 2010.

Other speakers include Tom Barney, Marathon; Joe Petrowski, Gulf Oil; Terry Hammer, Astra Oil; and Otavio Cintra, Petrobras Americas.

View the list of registered companies and full agenda: http://www.opisnet.com/supply/attendees.html.

Oil Price Information Service is one of theworld's most comprehensive sourcesfor petroleum pricing and news information. OPIS receives more than70,000daily rack and spot prices for gasoline, diesel, ethanol, biodiesel,LP-gas,jet fuel, propane, feedstocks, resid and kerosene.OPIS spot gasoline, diesel and jet fuel prices are heavily indexed as key benchmarks in national supply markets. OPIS also receives daily retail gasolineand diesel prices for more than 125,000 retail outlets in the U.S. and Canada. Newsletters,educational seminars, fax and email services are available for petroleum marketers, jobbers, fleets, oil executives and investment companies.For more information visit: http://www.opisnet.com/supply.

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