VOL. XLV

No 4

28-January-2002

SUPPLY/DEMAND

IEA Sees 2002 DemandGrowth Dependent On Economic Rebound

TheInternational Energy Agency (IEA) has maintained its forecast of a 600,000 b/d increasein global oil demand growth in 2002, assuming that the US and global economiesgather momentum around mid-year (see Table 1). In its latest Monthly OilMarket Report, published on 18 January, the IEA says that theimplementation of production cut commitments by OPEC and non-OPEC producers hasthe potential to put...