High prices limit US oil demand growth; gas flat in 2003

The US will consume more energy this year, but high prices will limit both economic growth and oil and gas demand.Strong natural gas prices will keep gas consumption even with last year's level, while fuel switching will move some demand toward petroleum products. US marketed gas production will be slightly higher than a year ago, minimally helping to ease the tight gas market. Click here to enlarge imageOGJ forecasts that US oil demand will increase nearly 3% this year. Leading this increase are surges in the use of distillate and residual fuel oil. Increased product demand is boosting refining capacity utilization. This year will also see increases in US demand for coal and other s...

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