Liquids, Gas Demand Hikes Expected IN US This Year

01/31/2000
Demand for petroleum products in the US will increase this year in step with a global oil market fast swinging away from surplus. Click here to enlarge imageAnother year of economic expansion will keep oil consumption rising in the US despite last year's price increases and the strong chance for further price gains early this year.The price outlook depends on production by members of the Organization of Petroleum Exporting Countries, from which the market will need more crude than group members produced through most of 1999 under quotas in effect since April (see article, p. 62).The US demand growth rate for energy of all forms will increase in 2000 despite a slowdown in economic exp...
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