Oil and commodities
Article Abstract:
There has been a significant rise in commodity prices, mainly resulting from a strong increase in oil prices. The extent of the rise could push up inflation in developed countries. OPEC believes that measures to limit production are still required, but there is evidence that the oil market could significantly tighten in the foreseeable future, with a recovery in global economic growth boosting underlying demand growth. World demand for industrial commodities is rising as a result of increasing growth in industrial output in the US and recovery in Europe and the Far East.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1999
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Oil and commodities
Article Abstract:
Petroleum prices dropped between Oct 1997 and April 1998 due to weaker demand linked to a mild northern hemisphere winter and the Asian economic crisis, and oversupply caused by a number of factors. These factors include an increase in the quota of the Organization of Petroleum Exporting Countries (OPEC). Some OPEC and non-OPEC members have agreed to curb supply but this may not lead to a major rise in prices. Meanwhile, prices for non-petroleum commodities dropped in 1st qtr 1998, though foodstuff prices have fallen less than prices for industrial materials.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1998
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Oil and commodities: Have price pressures peaked?
Article Abstract:
Oil and commodity prices in the year to the first quarter 2000 are reported, along with price forecasts.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 2000
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