VOL. XLVI

No 31

04-August-2003

SUPPLY/DEMAND

No Prospect Of Significant Price Weakness Before End Of Winter, Says HETCO

There is little chance that oil prices will come under any sustained pressure before the end of the winter at the earliest, despite International Energy Agency (IEA) and US Department of Energy (DOE) forecasts indicating that a supply glut could be imminent, according to the Market View report issued by Hess Energy Trading Co (HETCO) on 21 July. The report, written by Edward...