VOL. XLIII

No. 10

6-March-2000

E-COMMERCE

Oil Industrys Internet Trading Gathers Momentum

The petroleum industry has fallen behind other sectors in the adoption of internet activities, according to Morgan Stanley Dean Witter (MSDW). Yet a recent flurry of announcements of new ventures designed to enable petroleum companies to do business on the worldwide web shows the industry is keen to catch up.

"Unlike other commodity industries," says MSDW, "which reportedly will generate around 14% of total...