VOL. XXXII

NO. 42

24 JULY 1989

SUPPLY/DEMAND

Stockwatch Posits Global Stockdraw of 700,000 b/d in June

The latest (15 July) issue of Stockwatch, published by Energy SecurityAnalysis Inc. (ESAI), posits a decline of 20mn barrels, or around 700,000 b/d,in world oil stocks during the month of June. The Stockwatch tally contradictsmost evaluations of the global oil balance - for example, that of theInternational Energy Agency (IEA) which estimated a second-quarter stockbuild-up of 1.8mn b/d (see MEES,...