VOL. XLVI

No 25

23-June-2003

SUPPLY/DEMAND

CGES Sees Record US Crude Imports Barely Affecting Inventories

Despite record oil imports, US crude oil stocks have barely begun to rise because refiners have boosted runs to replenish low product inventories, according to Londons Centre for Global Energy Studies (CGES). In its latest Monthly Oil Report, published on 16 June, CGES says: OPEC will face little pressure to change targets until stocks rise, oil prices fall and Iraq is able to export...