Global Offshore Prospects - Douglas-Westwood
Global Offshore Prospects - Douglas-Westwood
Global Offshore Prospects - Douglas-Westwood
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Advanced Economies Reduce Oil Consumptionsources: UN, BP, Wikipedia$70 oil$75 oil• Oil supply has been unable to keep up with demand• Prices have increased as emerging markets bid for existing supplies• As prices go up, OECD countries—US, EU, Japan—are squeezed outof the market at $70-$75 $75 per barrel crude; US demand down 9%• Will supply improve in the future?10
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