VOL. XXXIII

NO. 14

8 JANUARY 1990

SupplyDemand

November Stockbuild Reaches 666,000 b/d

Energy Security Analysis Inc.'s monthly publication Stock-watch dated 15December shows global petroleum inventories rising by 666,000 b/d in November,the fifth consecutive month of rising stock levels. World crude oil stocks nowstand 71mn barrels above levels recorded for end-November 1988. The Stockwatchreport predicts that crude oil prices will weaken in first quarter of 1990 as aresult of the growing surplus...