June 2006

Trends and Resources

HP In Brief: HPIn Brief

  Summer energy price outlook Rising crude oil prices have slowed world petroleum demand growth, neverth..

Weirauch, Wendy, Hydrocarbon Processing Staff

  Summer energy price outlook Rising crude oil prices have slowed world petroleum demand growth, nevertheless global consumption rose by 3.8 million barrels per day over the past two years, according to recent data from the US Energy Information Administration (www.eia.doe.gov). While US production in 2006 will grow with recovery from last fall's hurricanes, EIA forecasts only moderate increases in OPEC and other non-OPEC production and capacity. Thus, crude oil prices are forecast to remain high through 2007. The monthly average West Texas Intermediate crude

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