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Vol. 7, No. 42 Week of October 20, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


EIA: Declining oil inventories, war worries, flat production quotas drive oil prices

Federal agency expects U.S. natural gas prices to be higher this winter than last due to colder weather and recovering industrial economy

Petroleum News Alaska

The Department of Energy’s Energy Information Administration said Oct. 7 that continued high world oil prices are the result of declining commercial oil inventories in the major industrialized countries, worries over a potential clash with Iraq and OPEC’s decision to leave production quotas unchange....

    [additional news subjects in this story]

Natural gas stores ample

OPEC basket price staying up

Domestic oil production up

Natural gas demand to increase


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