Oil and commodities

Article Abstract:

World commodity prices have dropped from Jan to April 1997, though they are up by 8% in April 1997 compared with April 1996, measured in US dollars. The supply of petroleum has increased and this, combined with weak demand, has led to a drop in petroleum prices. Supply will have to be reduced if petroleum prices are to stop falling in 1997. Prices for commodities other than petroleum have been stable in 1st qtr 1997 following a drop in 2nd half 1996. Grain prices have dropped but could strengthen depending on harvests. Prices for industrial materials have risen and are likely to be firmer in the year from April 1997.

Prices

---

Oil and Commodities

Article Abstract:

Commodity prices peaked in Jan 1997 and fell thereafter. Petroleum prices have dropped due to slower demand growth and an increase in supply, which have increased inventories. Collaboration over control of supply is needed if prices are to firm. Prices of non-petroleum commodities rose in 1st half 1997 after a drop in 2nd half 1996. Grain prices initially firmed but eased back after spring 1997. Tea, cocoa and coffee prices have been volatile with production uncertainties. The price of industrial materials has risen and could increase by between 5% and 10% in 1997 and 1998.

---

Oil and commodities

Article Abstract:

Commodity prices have dropped in 1997, and this applies to petroleum prices despite tension in the Middle East. Prices are likely to be constrained by an increas in production both within the Organization of Petroleum Exporting countries and outside it, unless there is especially severe weather. Average prices are likely to be some $18 per barrel in 1998 compred with $19 for 1997. Volatility for prices of some foodstuffs is likely to continue due to the El Nino current. Grain production has increased and prices are low, but could increase in winter 1997 to 1998.

Similar abstracts:

• Abstracts: UK balance of payments. part 4
• Abstracts: Product review. part 9
• Abstracts: Lock and key. Citizen Gates. Microsoft's media mania
• Abstracts: Optimal inspection and replacement policies for multi-state deteriorating systems. part 2 Cost optimal replacement of monotone, repairable systems
• Abstracts: Perfumes and fragrances: 1. Perfumes & fragrances: part 2

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.