THE OUTLOOK: GROWING MARKETS, ADEQUATE SUPPLIES/MODERATE PRICES

The oil and gas industry's next 3 years will be a period of growing markets, adequate supplies, and moderate prices. Despite efforts in some countries to shift consumption away from oil, demand for petroleum products will increase during 1994-96. Because of strong, oil-intensive economic growth in the developing world, oil will lose little of its share of the growing energy market.

More in Home