VOL. XLV
No 7
18-February-2002
SUPPLY/DEMAND
IEA Reduces Demand Growth OutlookFor 2002
The International Energy Agency (IEA)has reduced by 60,000 b/d its demand growth forecast for this year to 500,000b/d, blaming mild weather in January for the reduction. In the latest issue ofits monthly Oil Market Report, published on 8 February, the agency saysthat opposing forces are at work in the oil markets: Reduced supply from OPECis putting upward pressure on crude prices. At the same time, lower...
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