Crude price forecast up due to Alaska pipeline shutdown

September 2006
LP/Gas;Sep2006, Vol. 66 Issue 9, p36
Trade Publication
The article reports that the Department of Energy has predicted the increase of price per barrel of crude oil which is higher than what it had forecasted in July 2006 in the U.S. The agency states that there will be a raise of $3 for each barrel. The changes is credited to the BP PLC's shutdown of its Alaskan facility, the growing oil demand, and the international diverse issues.


Related Articles

  • Oil Products Price Outlook.  // Libya Oil & Gas Report;Q1 2009, p19 

    The article provides an analysis of the trends in supply and demand that are expected to influence the price of oil products in the first quarter of 2009. Crude oil prices increased and suddenly declined in the last quarter of 2008 and U.S. gasoline stockpiles fell to an 18-year low in September...

  • Pricing pressure on oil to ease. Kamalick, Joe; Gibson, Jane // ICIS Chemical Business;12/18/2006, Vol. 1 Issue 47, p16 

    The article presents the U.S. Department of Energy's outlook for oil prices. In its new annual outlook, the department expects the price of oil to decline gradually from this year's highs. In its new annual outlook, the department expects the price of oil to decline gradually from this year's...

  • Energy outlook stays sanguine. Kamalick, Joe // ICIS Chemical Business Americas;12/18/2006, Vol. 270 Issue 21, p16 

    This article presents the U.S. Department of Energy's outlook on the energy industry in the U.S. The agency expects a decline in oil prices. This trend, along with the recent U.S. energy legislation, may ease pricing pressure on oil. Consumption of biofuels is also expected to increase. Other...

  • MARKET FOCUS. Ott, James // Aviation Week & Space Technology;3/15/2004, Vol. 160 Issue 11, p10 

    The article presents information about market changes that are to affect the airline industry in the U.S. Airline executives are shuddering at the recent $7-per-barrel spike, fearing the unexpectedly high fuel bills will sabotage the slow recovery. The U.S. Department of Energy has rejected a...

  • US petroleum inventories up. Baker, Jason // BRW;9/28/2006, Vol. 28 Issue 38, p17 

    The article reports that petroleum prices have decreased below $US60 a barrel. The decrease was due to the easing supply threats and the prospect of weaker U.S. demand. According to the U.S. Department of Energy, inventories of petrol are 6% higher in 2006 as compared to 2005. The supply of...

  • HIGH FUEL FALLOUT.  // Farm Industry News;Nov2005, Vol. 38 Issue 10, p7 

    The article discusses the developments in the U.S. fuel industry as of November 2005. Natural gas prices are expected to rise, hitting the midwestern areas the hardest. According to the U.S. Department of Energy, gas prices were expected to reach 71 percent higher than in 2004. Several chemical...

  • Cold weather boosts natural gas prices. Kamalick, Joe // ICIS Chemical Business Americas;2/12/2007, Vol. 271 Issue 6, p7 

    The article predicts that the return of normal winter weather will push natural gas prices in the U.S. for February 2007, according to the U.S. Energy Department. The average Henry Hub price for natural gas for 2007 is forecasted by the department's Energy Information Agency's monthly short-term...

  • OIL MARKET OUTLOOK.  // Africa Monitor: Southern Africa;Oct2003, Vol. 8 Issue 10, p1 

    Oil prices in Southern Africa have defied bears throughout 2003 and the OPEC basket averaged US $28.7⁄b since January 2003. Upwards pressure is attributable to tight supply, principally due to continued problems in restoring Iraqi supply, but also to problems in Nigeria and Venezuela. The...

  • The Future of Oil: Prices aren't likely to go down anytime soon. Emmond, Kenneth // Business Mexico;Oct2005, Vol. 15 Issue 10, p16 

    The article forecasts the economic performance of oil industry in Mexico. Energy consultants predicts that oil prices will stay relatively high, given the refining constraints. Hurricane Katrina affected the oil supply lines of the country making the price of oil higher. To keep prices in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics