Industry surveys: oil & gas: equipment & services

Article Abstract:

The oil equipment and services industry is expected to recover in 2000 after struggling through another trying year in 1999. The recovery is expected to be based on the increase of oil prices as a result of the OPEC's decision to lessen by 7% their daily production. As a result, oil prices have risen from $12 per barrel in the first months of 1999 to $18.50 as of May 1999 for the West Texas Intermediate crude. The oil services industry is also expected to continue its recovery which started in 1996 after suffering through a 10-year slump.

Oil and gas field machinery, Oilfield Machinery, Oil and Gas Field Machinery and Equipment Manufacturing, Support Activities for Oil and Gas Operations, Oil and gas field services, not elsewhere classified, Oilfield Maintenance Svcs, Reports, Petroleum services industry, Oil and gas field equipment industry, Oil field equipment, Oil field maintenance services

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Saturated markets lead to consolidation

Article Abstract:

The home appliances industry has undergone consolidation throughout the 1990s. As a result, the core appliance market is dominated by just five companies. The more fragmented furniture industry looks set to undergo a similar process as it becomes more centralized. Changes in ownership should therefore be expected as the furniture business becomes more competitive and price-driven. Analysis of the household durables sector indicates strong sales growth in 1999 and beyond.

FURNITURE AND FIXTURES, Furniture and Homefurnishings Stores, Furniture & Fixtures, Furniture & Furnishings Stores, Furniture and Related Product Manufacturing, Furniture and Home Furnishings Stores, Household Appliances, Household Appliance Manufacturing, Economic aspects, Acquisitions and mergers, Furniture stores, Furniture industry, Home furnishings industry, Home appliances industry, Appliance industry, Appliances

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