Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • World of Oil


    Kurt S. Abraham, Managing/International Editor

    Tight supply levels in the US, plus a continued failure to return significant amounts of Iraqi crude (less than 1 million bpd) to the export market, sent oil prices to a five-month high. The WTI futures price hit $32.85/bbl last month, the highest level since March 18, just two days before Iraq was invaded. Several analysts have noted that the global market remains uncharacteristically resilient, and they expect the high-price cycle to continue through the balance of 2003. Meanwhile, OPEC did its part to keep prices high. At the end of July, ministers agreed to keep their collective output ceiling at 25.4 million bopd until another meeting late this month. Their decision was in spite of prices going beyond OPEC’s $22-to-$28/bbl target range. OPEC Secretary General Alvaro Silva told reporters that global supplies are still sufficient.

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.

Free Trial


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:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


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.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS