Economics, producer politics will shape oil markets through 1996

Journal Article · Mon Oct 25 04:00:00 EDT 1993 · Oil and Gas Journal; (United States)

OSTI ID:5826863

Two main forces will shape the oil market during the next 3 years. The pace of worldwide economic growth will determine demand growth. Although energy use efficiency has improved, especially in the industrialized world, demand for energy and oil products remains chiefly a function of economic activity. And producing nation politics will have much to say about supply. A crucial and unpredictable variable is when Iraq, now subject to a United Nations trade embargo, resumes exports at significant rates. Demand growth will exceed production increases outside the Organization of Petroleum Exporting Countries, which means an ever-increasing role for the exporters' group. The paper discusses the demand outlook, economic projections, energy intensity, regional energy mixes, world energy mix, petroleum demand, petroleum product demand, supply questions, non-OPEC production, reserves and output capacity, production gains, industry operations (drilling, stocks, refining), prices, price forecasts, and the role of taxes.

• OSTI ID: 5826863
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 91:43; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
COMPILED DATA
DATA
DEMAND
DRILLING
ECONOMICS
ENERGY DEMAND
ENERGY SOURCES
ENERGY SUPPLIES
FORECASTING
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INFORMATION
INTERNATIONAL ORGANIZATIONS
MARKET
NUMERICAL DATA
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PETROLEUM PRODUCTS
PRICES
PROCESSING
PRODUCTION
REFINING
RESERVES
RESOURCES
TAXES
WELL DRILLING