Pricing pressure on oil to ease

Kamalick, Joe; Gibson, Jane
December 2006
ICIS Chemical Business;12/18/2006, Vol. 1 Issue 47, p16
Trade Publication
The article presents the U.S. Department of Energy's outlook for oil prices. In its new annual outlook, the department expects the price of oil to decline gradually from this year's highs. In its new annual outlook, the department expects the price of oil to decline gradually from this year's highs. Oil prices are likely to show an average of near to $61 per barrel for the year to $50 per barrel by 2015 before beginning a climb to around $59 per barrel by the forecast end year of 2030.


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