VOL. XLVI

No 20

19-May-2003

SUPPLY/DEMAND

Demand Recovery Imminent, Says Hetco

Markets always appear weakest when they are about to turn, and the markets turning point should be about now, according to Edward Morse of Hess Energy Trading Company (Hetco). In the reportMay: Its Another Turning Point, published on 12 May, he says: From now on, global product demand will be on a relentless seasonal increase that should continue through August. On average, OECD product demand grows by 1.7mn b/d between...