September 2000

Trends and Resources

HP Impact: HPImpact: Oil pricing market: waiting for supply

As of August, oil market fundamentals primarily suggest a weakening market, but prices have remained at inordinately high levels. An analysis from WEFA (Eddystone, Pennsylvania) explains that while OP..

Weirauch, Wendy, Hydrocarbon Processing Staff

As of August, oil market fundamentals primarily suggest a weakening market, but prices have remained at inordinately high levels. An analysis from WEFA (Eddystone, Pennsylvania) explains that while OPEC worries about flooding the market and creating another glut, consumer nations are pressuring them to raise production again and bring prices down. Devil in the details. World production has been well above consumption for several months, with the implied inventory build over 2 mb/d since the end of March; a level that is definitely on the high side, according to this report. Under such conditions, prices should be much more moderate than they are at present (with West Texas Intermediate loit

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