Demand for crude

05/01/2000
"OPEC too slow" in responding to changes in demand for crude (OGJ, Apr. 3, 2000, p. 19)? One reason crude has fallen $11 in 4 weeks to Apr. 10's $23.85 is that OPEC responded rapidly, having overproduced above its production cut agreement, which enabled members to quickly dump it on eager markets. That's one-half a 13 month price gain lost in 4 weeks!OPEC "ellipseis in the driver's seat on oil prices" (Watching Government, OGJ, Apr. 3, 2000, p. 33). If true, OPEC should have its driver's license revoked. US Secretary of Energy Bill Richardson, the oil industry, and OPEC all want stability in crude and gasoline prices, but pursue tactics and hold perceptions that perpetuate...
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