Economic growth to raise U. S. oil products, natural gas demand

An accelerating economy will raise consumption of oil products and natural gas in the US this year. Contributing to demand growth will be the slump that began late last year in prices for crude oil and petroleum products. Some price recovery is likely in 1994, but there's little reason to expec...

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Bibliographic Details
Published in:The Oil & gas journal 1994-01, Vol.92:5
Main Author: Beck, R.J.
Format: Magazinearticle
Language:English
Subjects:
02 PETROLEUM
020700 - Petroleum- Economics, Industrial, & Business Aspects
03 NATURAL GAS
030600 - Natural Gas- Economic, Industrial, & Business Aspects
292000 - Energy Planning & Policy- Supply, Demand & Forecasting
294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
COMPILED DATA
DATA
DEMAND
ECONOMY
ENERGY DEMAND
ENERGY PLANNING, POLICY AND ECONOMY
ENERGY SOURCES
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INFORMATION
NATURAL GAS
NUMERICAL DATA
PETROLEUM
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Summary:An accelerating economy will raise consumption of oil products and natural gas in the US this year. Contributing to demand growth will be the slump that began late last year in prices for crude oil and petroleum products. Some price recovery is likely in 1994, but there's little reason to expect a major increase. With oil production falling and demand rising, imports will have to climb again this year. OGJ projects a 2.6% increase this year following a 6.6% increase last year. Imports are expected to fill a record high 49.3% of US oil demand this year. The paper discusses energy and the economy, overall energy use, energy by source, the electrification trend, energy supplies, imports, refining operations, the growth of margins, and the energy demand of motor gasoline, jet fuel, distillate fuels, residual fuel oils, other petroleum products, and natural gas.
ISSN:0030-1388