Independent journal on economy and transport policy
01:32 GMT+2
Future oil prices forecast to strengthen on rising demand
(The Bunker Bulletin)
November 2, 1999
M. Ray Perryman, president of the US company Perryman Group, predicts that long term patterns in oil supply and demand will lead to a strengthening of oil prices.
This is based on the theory that demand for oil will outpace supply in the near future, he says, with only temporary blips due to such short term factors as weather patterns.
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