Remember me | Forgot password
For full content view: Log in Now!
Crude oil supplies continued to fall in the US, as the economy softens and demand follows. From one year ago, production is off 5.5%, with the trend likely to continue. Worldwide, crude production gained slightly over the previous month. Prices have fallen with the gap between US WTI benchmark and Europe’s Brent Blend growing narrower. With both the availability of credit improving and companies’ balance sheets stronger than they were two years ago, the oil and gas industry is better prepared if a second global recession does develop. If average prices stay above $80/bbl, companies’ development plans are not likely to change, particularly in the liquids-rich onshore plays.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Doha - January 20-22
Cancun - January 27-29
Oslo - January 28-29
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.