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Oil In April 2000
Part 1 of Paper
....this summer. But the bad news is the decline will be slow. With an increase in international oil production as a backdrop, the Energy Department today dramatically revised its forecast for summer gasoline prices. The agency said prices should peak later this month and begin dropping sometime in May, averaging about $1..... Part 2 of Paper
....d likely reach $2 a gallon in some places by July. So what’s changed between now and then? A key international oil meeting in Vienna, Austria. The EIA in its latest forecast assumed additional oil would begin hitting the U.S. market by June as a result of a decision March 28 by the Organization of Petroleum Exporting Countries. OPEC agreed to boost production by as much as 1.7 million barrels a day. Other non-OPEC producers also have said they would increase production. And production increase.... |
| Number of words: 590 - Approximate pages: 3 |
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