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Vol. 11, No. 20 Week of May 14, 2006
Providing coverage of Alaska and northern Canada's oil and gas industry


EIA expects $68 oil this year, next

Agency says less chance for significant improvement in world petroleum supply and demand due to steady demand growth

Kristen Nelson

Petroleum News

The U.S. Department of Energy’s Energy Information Administration said May 9 that “prospects for significant improvement in the world petroleum supply and demand balance appear to be fading.” The agency said while U.S. production will grow in 2006 with recovery from 2005 hurricane damage from Rita....

    [additional news subjects in this story]

Consumption growth has slowed

U.S. natural gas consumption down


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