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Vol. 4, No. 8 Week of August 28, 1999
Providing coverage of Alaska and northern Canada's oil and gas industry


EIA’s short-term energy outlook sees prices tending up

Compliance with OPEC production cuts forecast at more than 80 percent through end of third quarter, decline in fourth quarter

Petroleum News Alaska Staff

The U.S. Energy Information Administration said Aug. 6 that its short-term outlook for crude oil prices is up $2-$3 a barrel from July’s short-term forecast. This reflects a change in the agency’s assumptions concerning OPEC crude oil production. The EIA had expected that compliance with OPEC agree....


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