VOL. XLVI

No 16

21-April-2003

SUPPLY/DEMAND

IEA Reports Supply Security Confounded By Buyers Short-Term Focus

Consumers are growing increasingly confident that the market can weather the storm caused by concurrent supply disruptions in Iraq, Venezuela and Nigeria, according to the International Energy Agency (IEA). Yet in the latest monthly Oil Market Report, published on 10 April, the IEA added: Despite low stocks and a significant increase in global production, refiners have limited their...