OPEC's import binge eases bite of high oil prices

Article Abstract:

The Organization of Petroleum Exporting Countries, with oil prices at an all-time high is increasingly buying imports. Imports are forecast to have risen by $26 billion last year, up 13 percent from 2003 for a grand total of $220.9 billion, offsetting the impact of increased energy prices for the global economy.

Europe, Government expenditures, Financial management, Commodity & service prices, Asia, Imports, Labor Distribution by Employer, Finance, Prices and rates, Economic policy, Statistics, Company financing, Company pricing policy

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Oil forecasts are a roll of the dice

Article Abstract:

Calculating supply and demand for the petroleum industry has for a longtime been an inexact science. However, topping up on a small error in forecasting oil consumption causes energy markets to roil as it is no longer easily corrected, as petroleum reserves are low.

Market information - general, Forecasts, trends, outlooks, Supply and demand, International aspects, Industry forecasts

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