Oil Price Outlook

April 2008
Italy Oil & Gas Report;Q2 2008, p13
Industry Profile
The article presents an oil price outlook for 2008. It states that oil price assumptions among companies, government departments and banks have grown quickly with the realization that intense speculative pressure on crude is unlikely to decrease during 2008. Based on Organization of Petroleum Exporting Countries (OPEC's) monthly report for December, world oil demand growth for 2007 is still forecast to grow by 1.3 million barrel per day, or 1.5%.


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