1945

Energy: Recent developments and emerging trends

image of Energy: Recent developments and emerging trends

The present chapter consists of two sections. The first section provides an overview ofrecent developments in the international oil market and points to the increasing demand for OPEC oil, particularly in light of the continuing decline of oil output in the United States of America and the former Union of Soviet Socialist Republics. It also discusses the state ofthe oil industry in the successor States ofthe former Soviet Union, andprovides an analysis ofthe outlook for the oil market in the 1990s.

Related Subject(s): Economic and Social Development
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