Forecast and Review: US oil, gas demand to grow as economy recovers in 2002

01/28/2002
US demand for oil and gas will increase this year, but the extent to which it does so will depend upon when and to what extent the US economy recovers.Oil demand will get a boost from lower prices of crude and petroleum products, but lower natural gas prices will offset some demand as fuel switching is curtailed. Gas demand will benefit from those lower prices, and reduced drilling will help to ease high inventories. Click here to enlarge imageUS oil production will be nearly unchanged this year, and stocks are forecast to finish the year at end-2001 levels. Motor gasoline demand is expected to be strong in 2002 while other petroleum products, especially jet fuel, will be in less demand....
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected