Industry surveys: oil & gas: equipment & services
Article Abstract:
The oil equipment and services industry is expected to recover in 2000 after struggling through another trying year in 1999. The recovery is expected to be based on the increase of oil prices as a result of the OPEC's decision to lessen by 7% their daily production. As a result, oil prices have risen from $12 per barrel in the first months of 1999 to $18.50 as of May 1999 for the West Texas Intermediate crude. The oil services industry is also expected to continue its recovery which started in 1996 after suffering through a 10-year slump.
Publication Name: Standard & Poor's Industry Surveys: Trends & Projections
Subject: Business, general
ISSN: 0196-4666
Year: 1999
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Saturated markets lead to consolidation
Article Abstract:
The home appliances industry has undergone consolidation throughout the 1990s. As a result, the core appliance market is dominated by just five companies. The more fragmented furniture industry looks set to undergo a similar process as it becomes more centralized. Changes in ownership should therefore be expected as the furniture business becomes more competitive and price-driven. Analysis of the household durables sector indicates strong sales growth in 1999 and beyond.
Publication Name: Standard & Poor's Industry Surveys: Trends & Projections
Subject: Business, general
ISSN: 0196-4666
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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