Monthly energy review, June 1987

Technical Report · Mon Sep 28 04:00:00 EDT 1987

OSTI ID:6108668

According to the Energy Information Administration's July 1987 ''Short-Term Energy Outlook,'' US energy consumption for 1987 is projected to reach 75 quadrillion Btu, due to growth in industrial use of natural gas and increased coal-fired and nuclear generation at electric utilities. Prices of imported crude oil delivered to US refiners during the second half of 1987 are projected to stabilize at the official OPEC price of $18 per barrel, assuming that world oil demand increases slowly and that OPEC crude oil production continues to exceed the OPEC production ceiling. Retail motor gasoline prices are projected to rise to $1 per gallon in the third quarter of 1987 and to average $1.02 per gallon during 1988. Domestic crude oil production is projected to decline by 0.4 million barrels per day in 1987 compared with 1986, and net oil imports are projected to rise to 5.6 million barrels per day, the highest level since 1980. Petroleum demand is projected to remain at the 1986 level of 16 million barrels per day.

• Research Organization: USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
• OSTI ID: 6108668
• Report Number(s): DOE/EIA-0035(87/06); ON: DE88000278
• Country of Publication: United States
• Language: English

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03 NATURAL GAS
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29 ENERGY PLANNING, POLICY, AND ECONOMY
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CARBONACEOUS MATERIALS
COAL
CONSUMPTION RATES
DATA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INFORMATION
MARKET
MATERIALS
NATURAL GAS
NUMERICAL DATA
PETROLEUM
PRICES
PRODUCTION
STATISTICAL DATA