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...
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