A presentation delivered by Tom Giaever-Enger, the Managing Editor of Platts, concludes:
Oil producing countries
- Adjusting to a higher OPEC price band
- Retain objective to keep oil competitive
- But global oil production will peak soon
Oil consuming countries
- Energy efficiency increased in the short-term
- ASEAN+3 pursuing regional stockpiling, alternatives
- Economic output hampered in the long term
The presentation was delivered on September 21st at the 20TH ASIA-PACIFIC PETROLEUM CONFERENCE 2004.
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