VOL. XLV

No 30

29-July-2002

SUPPLY/DEMAND

PoliticalAnd Economic Turmoil Squeezing Oil Industry, SaysStandard & Poors

Political and economic unrest inregions that hold some of the worlds largest reserves of oil and gas led tocrude oil and natural gas spot prices rising by 30% and 16% respectively on USspot markets in the first half of 2002, according to Standard & Poors. Inthe report Oil and Gas: Equipment and Services, published in July,S&P Oil and Gas Analyst Tina Vital wrote: If the...