VOL. XXXII
NO. 15
16-JANUARY-1989
WHERE HAVE ALL THE BARRELS GONE? MOSTLY INTO CONSUMPTION, SAY THE IEA ANDOTHERS
Sweeping upward revisions of demand estimates for the fourth quarter of 1988- stemming from the International Energy Agency (IEA) and other forecasterscoupled with shortfalls in supply from non-OPEC sources, are currently tendingto modify previous perceptions of a huge fourth-quarter stockbuild whichthreatens to swamp the market in the first quarter of this year.
Under previous...
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