VOL. XLV
No 20
20-May-2002
SUPPLY/DEMAND
IEA Sees Weak Demand Yet Calls For MoreProduction
Theworld economic recession appears to have bottomed out and the global economy ison the road to recovery, according to the International Energy Agency (IEA). Inthe latest monthly Oil Market Report, published on 13 May, the IEA saysthat data from the worlds largest economy support this view: First quarter2002 US GDP rose by an astounding 5.8% over year-previous levels. Coupled withtarget reductions, oil...
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