Global Oil Market Overview

December 2007
Argentina Oil & Gas Report;Q1 2008, p11
Industry Profile
The article provides information on the global oil market. It states that while oil demand growth assumptions remain robust, there are early signs that future revisions will be on the downside as factors such as credit crisis kick in. It adds that global oil demand growth is expected to be 1.9% in 2007, but with Asia and the Central and Eastern Europe regions dominating. Meanwhile, in terms of oil supply, there needs to be corresponding expansion to retain some form of control over prices.


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