Midyear Forecast: Demand for natural gas, oil continues to show solid gains

07/30/2001
Click here to enlarge imageWorldwide demand for petroleum products will increase this year in spite of economic slowdowns in key countries. Consumption of natural gas will continue to climb as the price has moderated from its record highs with greater production and larger inventories.US production of crude will inch up a bit as high prices encourage marginal production, and the call on the Organization for Petroleum Exporting Countries for crude will be lower in the second half of 2001.US exports will decline, while imports, especially of petroleum products, increase. Refiners continue to operate at high rates to meet demand, but their inventories have been building. International mark...
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