poten partners forecasts fyi marg forwarded margaret carson corp enron 01 21 2000 07 31 doug leach ect 01 21 2000 07 00 guy dayvault corp enron enron cc margaret carson corp enron enron rob bradley corp enron enron jim goughary hou ect ect ted robinson hou ect ect wade doshier hou ect ect david j botchlett hou ect ect john l nowlan hou ect ect subject poten partners fyi forwarded doug leach hou ect 01 21 2000 06 58 doug leach 01 20 2000 03 47 pm michael l brown enron _ development enron _ development cc david terlip enron _ development enron _ development kevin beasley lon ect ect john chismar sin ect ect michel decnop sin ect ect maurizio la noce enron _ development enron _ development marc de la roche hou ect ect subject poten partners george gail observations expects wti crude prices return range 19 22 barrel 2 q 2000 brent 18 20 although emotions rather fundamentals continue drive market saudi sold cal 00 naphtha 8 platt ag mean kuwaiti offer naphtha 11 mean enoc offered 700 000 tons term naphtha sold 200 000 tons adnoc splitters add even naphtha supplies market koch closed rotterdam splitter due poor economics necessarily permanent shutdown expects brent dubai spread return normal 1 1 25 barrel regarding condensate predicts actual demand drive market less bottomfeeding japanese refiners feel new splitters reduce worldwide volumes available still adequate supplies thinks crack spreads refiners still weak cal 00 although resid demand displaced natural gas lng expects fairly stable differentials crude expects strong us gasoline demand limits demand growth projection 1 year