EIA predicts world oil prices to remain high for most of 2000Assumptions behind forecast include OPEC 10 increase of 1 million barrels a day production in second quarter, 74 percent organization compliance Petroleum News Alaska
World oil price should remain high for most of the year as inventories are expected to remain low, even with an assumed increase in OPEC production of 1 million barrels per day beginning in April, the U.S. Department of Energy’s Energy Information Administration said March 6.
$22.50 oil by the four....
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OPEC production increase crucial factor Fourth quarter shows high non-OPEC production Demand growth at about 1.2 million barrels a day Inventory draw down expected to continue
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