VOL. XXXIV

NO. 11

17-DECEMBER-1990

Supply/Demand

Oil Market in "Manageable Balance" Says IEA

The Secretariat of the International Energy Agency (IEA) on 10 December issued an "assessment" of the current situation in the oil market which concludes that "since the Gulf crisis began, the market has gone from a situation of extreme tightness initially to one of generally adequate sup-plies at present." However, while noting that "the market is thus in aquite manageable balance at present," the IEA...