VOL. XLVI
No 37
15-September-2003
SUPPLY/DEMAND
IEA Sees Low Spare Capacity Exacerbating Inventory Tightness
OECD industry oil stocks are at the bottom of their five-year range as winter approaches, but the International Energy Agency (IEA) says that the industry may need to rethink what it considers to be minimum operating levels. In the latest monthly Oil Market Report, published on 10 September, the IEA observes: Industry operated with record low crude oil inventory levels last winter in...
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