|SRefinery inputs and utilization fell substantially with
demand in the second half of 2008.
|SIn the first half of 2009, European refinery inputs were
down over 900 thousand barrels per day (7 percent) from first half 2008, and
U.S. inputs were down 550 thousand barrels per day (4 percent).
|SIn spite of the drops in crude inputs, Europe and the U.S.
saw more supply than demand, especially in distillates, where inventories