IEA Executive Director Describes Oil Stock draw Agreement 

The Executive Director of the International Energy Agency (IEA), Mrs. Helga Steeg, has described the agreement reached among the IEA members earlier this year on a flexible deployment of oil stocks (MEES, 16 July) as a "major extension" of the Agency's ability to cope with the damaging economic consequences of a supply disruption.

Writing in the September issue of The OECD Observer, Mrs. Steeg notes that...