VOL. XLV
No 11
18-March-2002
SUPPLY/DEMAND
IEAAgain Cuts 2002 Oil Demand Growth Forecast, Predicting Shallow EconomicRecovery
The InternationalEnergy Agency (IEA) has reduced its forecast for 2002 oil demand growth by afurther 80,000 b/d to 420,000 b/d, because of recent weak demand and reducedexpectations of an economic upturn. In its latest monthly Oil Market Report,published on 12 March, the IEA says: The second and third quarter estimateshave been raised, in line with broad indicators showing...
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