Oil and Gas Prices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Oil and Gas Prices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tomas who wrote (54)	6/8/1998 9:32:00 PM
From: Tomas	of 82

EIA-world oil demand and supply down in 2nd half 1998 WASHINGTON, June 8 (Reuters) - World oil demand and supply for crude is expected to shrink in the second half of this year from earlier estimates, the U.S. Energy Information Administration said Monday. The EIA, which is the statistical agency of the Energy Department, estimates that world oil demand will average 74.0 million barrels per day (bpd) during the third quarter of this year and 77.1 million bpd in the fourth quarter. That is down 200,000 bpd during each quarter from EIA's estimate last month. At the same time, the EIA expects world oil supply to average 74.9 million bpd during the third quarter and 75.8 million bpd in the fourth quarter, down 500,000 bpd in each quarter from last month's estimate. The EIA's latest projections were contained in the monthly update of its short-term energy outlook. The agency said its forecast does not take into account the agreement reached last week by Saudi Arabia, Venezuela and Mexico to cut their oil production by 450,000 bpd. The agency also said its forecast assumes that Iraq will export 1.6 million bpd for the rest of this year. biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next