Petroleum (integrated) industry
Article Abstract:
Oil prices rose in 1995 with Asian-Pacific development, European economic recovery, and US economic expansion, although there is overcapacity. There is adequate supply for increased demand, especially from non-OPEC producers, but static production quotas have been voted by OPEC for its members. Cost cutting, automation, and refining are key earnings factors. Several of these stocks have three-to-five-year appeal, although the industry is now defensive.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Petroleum (integrated) industry
Article Abstract:
Worldwide petroleum demand for 1995 will average 69.5 million barrels per day. This will continue in 1996, especially in the Pacific Rim and Latin America. North Sea production appears to ensure adequate supply. OPEC is meeting in mid-November 1995 to set member production quotas, and this will affect market share and prices. These stocks have good yields and are safe investments for the next three to five years.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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