VOL. XLVI
No 25
23-June-2003
SUPPLY/DEMAND
IEA Keeps 2003 Demand Growth Forecast At 1Mn B/D, Revises Stocks Upward By 78.8Mn Barrels
The International Energy Agency (IEA) has maintained its estimate of 2003 global oil demand growth at 1.0mn b/d, but took markets by surprise by announcing a major upward revision of OECD inventories. In the latest monthly Oil Market Report, published on 11 July, the agency said: Preliminary March OECD industry stock data have been revised upwards by some 78.8mn...
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