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Vol. 4, No. 7 Week of July 28, 1999
Providing coverage of Alaska and northern Canada's oil and gas industry


EIA projects flat oil prices until end of summer

Starting in fall, prices expected to rise gradually through 2000 as world oil inventories decline toward more normal levels

Petroleum News Alaska Staff

The U.S. Department of Energy’s Energy Information Administration said July 8 in its Short-Term Energy Outlook Summary (July 1999) that despite a substantial increase in spot prices for crude oil at the very end of June it has not significantly changed its crude price forecast. EIA said it had rais....

    [additional news subjects in this story]

OPEC production cuts the basis

Demand projections the same

Natural gas price forecast unchanged


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