OWEM

AcronymDefinition
OWEMOPEC World Energy Model (OPEC oil outlook)
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Francis E Cox, Hereford Section 34 (Winner of Section 28) Champion - Mr PS Rowland Reserve - Tecwyn Jones Section 35 (Winner of section 29) Champion - William Owem Reserve - Richard Wright Section 36 (Winner of Section 30) Champion - BE Williams Reserve - Gerald David & Sons Section 37 (Winner of Section 31) Champion - BE Williams Reserve - Mr J A Hollingsworth Section 38 (Winner of Section 32) Champion - TC Edwards Ai Feibion Reserve - D Thomas Section 39 (Winner of Section 33) Champion - D E, ED & AL Jones Reserve - Francis E Cox Section 40 One pair of cattle 1.
For its part, the current OPEC World Energy Model (OWEM) anticipates a somewhat higher $25 average price (at Year 2000 prices) from now to 2010, followed by an increase that would thereafter simply keep pace with inflation in the industrialised world.
OPEC's World Energy Model (OWEM), which is reviewed and updated every year, predicts world oil demand to reach more than 90m b/d by 2010 and 103m b/d by 2020.