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,...
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