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U.S. Department of Energy
Office of Scientific and Technical Information

Short-term energy outlook: Quarterly projections, April 1987

Technical Report ·
OSTI ID:6537244
According to preliminary data, the first quarter of 1987 was characterized by higher crude oil prices and a leveling off of the petroleum demand increases experienced during the second half of 1986. The projection for the remainder of 1987 is for imported crude oil prices to climb to about $18 per barrel and stabilize, assuming general adherence to the production quotas set by the Organization of Petroleum Exporting Countries (OPEC). These higher prices are likely to result in basically stable demand patterns for motor gasoline and distillate fuel oil, while consumption of resident fuel oil declines after its first annual increase in 9 years in 1986.
Research Organization:
USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
OSTI ID:
6537244
Report Number(s):
DOE/EIA-0202(87/2Q); ON: DE87009699
Country of Publication:
United States
Language:
English