Prospects for a tighter world oil market
Journal Article
·
· Energy J.; (United States)
A higher than expected near-term demand will ease the tension on the world oil market as economic recovery, inventory buildup, and continued hostilities in the Persian Gulf take their effect. Short-run world production capacity will still exceed demand, but the Saudis can make the $29 reference price hold if they have the nerve and skill. A long-term tightening of the market will occur as production capacity declines, but still exceeds, reserve additions. Real prices in the early 1990s could rise by one-third to one-half or more.
- Research Organization:
- North Carolina State Univ., Raleigh
- OSTI ID:
- 5682810
- Journal Information:
- Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 6:1; ISSN ENJOD
- Country of Publication:
- United States
- Language:
- English
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