CGES: Falling oil prices don't signal market collapse

12/06/2004
Although crude prices have fallen considerably from record highs in mid-October, the retreat doesn't necessarily signal the start of an extended price slide into 2005, said analysts at the Centre for Global Energy Studies in London."The path of oil prices in 2005 will depend on the extent of the slowdown in economic growth and the severity of winter weather," said CGES analysts in their Nov. 22 monthly report. "US heating oil stocks are as low as they have ever been for the time of year over the last decade and well below the levels seen at this point in each of the last 2 years. While they are probably sufficient to meet demand if the winter is mild, they will not do so if it is seve...
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