PETROL PRODUCTION.
OVERTAKEN BY CONSUMPTION
DOES IT MEAN HIGHER PRICES ?
BY .CABLE—PRESS - ASSOCIATION—COPYRIGHT Received Nov.., 26, 2.40 p.m. . LONDON, Nov. 25. Presiding at a meeting of the AngloPersian Oil Company, Sir H. Greenway pomtod out that last year the consumption of oil seemed to be oyertakproduction. This would have actually happened if the new fields in the United States had not been brought in The: consumption of petrol had enormously increased all the world over, nearly counterbalancing increased production. Further developments in the company’s new fields fully confirmed their value. Further drilling in the Argentine led to' the striking of considerable quantities of oil. The company s production during the present financial year should he between. 41 and 4-1 million tons.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19241126.2.72
Bibliographic details
Hawera Star, Volume XLVIII, 26 November 1924, Page 9
Word Count
121PETROL PRODUCTION. Hawera Star, Volume XLVIII, 26 November 1924, Page 9
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