Oil & commodities
Article Abstract:
The outlook for commodity prices seems fairly flat for 1996 following a surge in the commodity price index at the end of 1995. Prices are now falling again due to an easing in the seasonal tightness in the oil market. Global demand for oil is forecast to grow by over 1 million barrels a day in 1996, but demand for OPEC oil is forecast to stay at some 25 million barrels a day. In the non-oil commodities sector, prices are still falling for industrial materials, while foodstuff prices could continue to be volatile in the short term.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1996
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Oil and commodities
Article Abstract:
Commodity and petroleum prices have dropped in 1st qtr 1998 and this is helping to keep down inflation in developed countries, but is affecting exporting countries. Petroleum production has expanded with an increase in supplies from Iraq, and demand has been weaker due to a mild winter in 1997 to 1998 and the Asian economic crisis. Non-petroleum commodity prices have dropped to levels not seen since 1993, and industrial materials have seen a sharper drop in prices than have foodstuffs.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1998
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Oil & commodities
Article Abstract:
World oil consumption rose by only 0.3 million barrels a day in 1998, compared with an increase of 1.9 million barrels a day in 1997. World oil output increased by around 0.9 million barrels a day in 1998, and stocks remain high. Oil prices fell to very low levels, while non-oil commodity prices were also weak, falling 16%. It is forecast that most industrial commodity markets will be in surplus in 1999, with industrial material prices set to fall by 15%.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1999
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