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Global Petroleum Market Entry Risk Assessment and Opportunity Mining Through Comparison Matrix Approach
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, IPTC 2008: International Petroleum Technology Conference, Dec 2008, cp-148-00001
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Abstract
Escalation of per-barrel crude prices is expected to continue on an inflation adjusted basis in the foreseeable future according<br>to most analysts. Rising prices are largely attributed to market forces fueled by surging world economy and growing<br>demand, particularly in Asia and Middle East. Relatively flat rates of exploration and exploitation success have been unable<br>to keep pace with that growth, leading to tight supplies. Politics, weather, speculation and other factors further contribute to<br>supply uncertainty.