(EnergyAsia, May 29) — Australia’s oil trade deficit will widen as it has made no new large oil finds while output from existing fields continue to decline, said consultant EnergyQuest. Its latest quarterly analysis showed that domestic crude production fell during the March quarter because of cyclone weather in the offshore fields and continued…
AUSTRALIA: Oil trade deficit to worsen on further depletion of existing fields
Posted on May 29, 2006 by EnergyAsia