US demand growth in 2001 to respond to slowing economy

Click here to enlarge imageDemand for petroleum products in the US will increase again this year, stimulated by lower oil prices, closer to normal weather, and continued economic growth.US crude oil production will not fall for the first time in a decade, though it is not expected to be above last year's output level. Imports will climb to meet demand. Stock levels will build slightly by the end of this year.Demand for natural gas will move up, though high prices and low supplies will keep consumption growth below last year's rate.The economy Click here to enlarge imageReal gross domestic product (GDP) moved up last year an estimated 5%, compared with 1999 growth of 4.2%. Not s...

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