World oil supply adequate for 93's healthy demand

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

OSTI ID:6780418

Beck, R J

This paper reports that world oil supply and demand fundamentals have changed little in the past year, bringing some stability to the market. That could change in 1993 as demand resumes a more healthy growth rate, and production declines continue in the U.S. and the C.I.S. Though there's little chance average prices will increase significantly, crude markets could be more volatile this year. Offsetting upward pressures on oil prices resulting from accelerated demand are plans by Persian Gulf producers to expand productive capacity, the possibility that Iraq will reenter the international oil market, and continued economic decline in eastern Europe and the former republics of the Soviet Union. When it's all added up, world oil supply looks more than adequate for 1993. If events occur in a particular combination, prices could weaken.

• OSTI ID: 6780418
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 91:4; ISSN 0030-1388; ISSN OIGJAV
• 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
ASIA
DEVELOPED COUNTRIES
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
EUROPE
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INDUSTRY
MARKET
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
PRICES
SUPPLY AND DEMAND
USA
USSR