Recession is in the pipeline

Article Abstract:

Higher petroleum prices could trigger recession, as has occurred in the past, and profits are already under pressure. Petroleum prices began to rise in 1998, and a recession could start from summer 2000. This means that unemployment should cease to fall and could then rise for two years. Petroleum prices affect electricity prices. Lower petroleum prices have led to boom, rather than the internet economy. Petroleum is a lower proportion of gross domestic product than previously, but this is partly because the price of petroleum is low.

Forecasts and trends, Recessions

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Lighten oils

Article Abstract:

Petroleum prices have dropped and could drop further, according to Merrill Lynch. Earnings estimates for petroleum companies could drop. Fund managers should consider selling shares in oil companies and buy shares later in 1997 since the longer term outlook could be more positive. Companies that are less exposed to a fall in petroleum prices should be selected over the short term. Demand is expected to be stronger than supply increases outside the Organization of Petroleum Exporting Countries over the longer term.

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Oil majors face cash conundrum

Article Abstract:

Trends in the petroleum industry, such as a decision by OPEC countries to cut output, are examined in detail, with their likely impact on large petroleum companies.

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