TITLE

Global Oil Market Overview

PUB. DATE
August 2008
SOURCE
Argentina Oil & Gas Report;Q3 2008, p14
SOURCE TYPE
Industry Profile
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the performance of global oil market worldwide as of the year 2008. The effect of supply and demand fundamentals on the director of crude prices, the over-dependence of OPEC as a crude supplier, and the adverse impact of increasing oil price on global economic growth have allegedly hurt market observers as of the second quarter of the year. Changes to driving patterns and vehicle ownership are likewise expected in the years to come.
ACCESSION #
35185769

 

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