WASHINGTON (AFX) – World oil prices are expected to remain around US$25/barrel during 2002 as global crude demand starts to recover from the economic slowdown of last year, according to the US Department of Energy’s 2002 energy outlook. World oil demand is projected to rise by 600,000 barrels a day during 2002 after consumption increased…
MARKET: US Energy Dept 2002 outlook sees oil prices staying around $25/barrel
Posted on April 3, 2002 by EnergyAsia