VOL. XXXIV

NO. 5

5-NOVEMBER-1990

Current Oil Market Situation And Emergency Readiness Of IEA Countries

The following are extracts from a report on the current oil market situationsubmitted to the meeting of the Governing Board of the International EnergyAgency (IEA) in Paris on 31 October 1990.

Summary

The world oil market remains well supplied with crude oil. Productmarkets are also well supplied generally, although the middle distillate marketremains tight in the Far East and the jet fuel market...