Middle East Economic Survey
VOL. XLVII
No 37
13-September-2004
SUPPLY/DEMAND
IEA Sees Ample Supply Easing Pressure On Crude Prices
Despite rapidly rising oil demand, the International Energy Agency (IEA) sees market fundamentals easing. In the latest monthly Oil Market Report, published on 9 September, the IEA says that, while not underestimating the realities of limited spare production and refining capacity, todays market is well supplied with crude. In fact, OECD crude stocks are in the middle...
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