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- W137289926 abstract "Excess production and production capacity reasserted their influence in worldwide petroleum markets last year, pushing crude oil prices to their lowest levels since before the Persian Gulf crisis. The development ended the relative price stability that has characterized the period since the crisis ended in January 1991. One of the major questions now being asked is whether there has been a downward shift in the seasonal range of crude prices. In the near future, OPEC's degree of success in balancing the market will be a key to prices. Another is politics in the Middle East. If it were not for a United Nations embargo, the market would have another 2--3 million b/d of oil supply--from Iraq. The paper discusses worldwide demand, economic trends, the supply in 1993, the supply outlook, prices, and international drilling activities." @default.
- W137289926 created "2016-06-24" @default.
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- W137289926 date "1994-01-31" @default.
- W137289926 modified "2023-09-23" @default.
- W137289926 title "Worldwide outlook clouded by market slump of late 1993" @default.
- W137289926 hasPublicationYear "1994" @default.
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