OGJ Newsletter

02/15/1999
U.S. INDUSTRY SCOREBOARD 2/15 [43,898 bytes] Arthur Andersen and Cambridge Energy Research Associates (CERA) are laying responsibility for the current oil price climate squarely on the shoulders of reduced demand. In their annual joint report, World Oil Trends, the firms said, "The combination of improving technology and liberalizing investment regimes continued to boost oil supplies, but faltering economies in Asia led to a severe slowdown in world oil demand growth." Global oil demand for 1998 was 73.85 million b/d, only 240,000 b/d (0.3%) more than 1997 levels, say the analysts. Regional demand changes were: Latin America +3.6%, Middle East/Africa +2.1...
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