Middle East Economic Survey
VOL. XLVIII
No 42
17-October-2005
IEA Reduces Oil Demand Growth Outlook On Account Of US Hurricanes
The International Energy Agency (IEA) has adjusted its forecasts for oil supply and demand in the aftermath of Hurricanes Katrina and Rita, observing that the market appears to have adjusted rapidly to the disruptions. In the latest monthly Oil Market Report, published on 11 October, the IEA says: Due to regional economic and logistical disruptions, as well as retail...
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