Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

IEA Governors See Oil Demand Easing Due To High Prices

The International Energy Agency (IEA) governors agree that the oil market is well supplied and is responding to high oil prices through a slowdown in demand growth and an increase in supply, according to IEA Executive Director Claude Mandil. Speaking to journalists in Paris on 21 October following the ordinary governors meeting that day, Mr Mandil said governors agreed that transient...