VOL. XLVI
No 20
19-May-2003
SUPPLY/DEMAND
IEA Trims 2003 Demand Growth Forecast To 1.03Mn B/D
The International Energy Agency (IEA) has reduced its forecast of 2003 oil demand growth by 90,000 b/d, mainly to reflect the impact of the SARS epidemic on air travel and non-OECD Asian demand. However, in its latest monthly Oil Market Report, published on 13 May, the IEAs main concern remains low OECD commercial petroleum stocks: In the short term, lower inventory positions benefit both producers and...
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