IPAA: U.S. OIL IMPORTS TO HIT RECORD

A modest increase in U.S. petroleum product demand will combine with a decline in U.S. crude production to yield a record level of total petroleum imports in 1993. The Independent Petroleum Association of America's supply/demand committee predicts a 1.1% increase in U.S. demand for petroleum products this year, coupled with a 2.5% drop in crude production. That opens a widening gap to be met by petroleum imports, forecast to increase 4.7%.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home