VOL. XLV
No 33
19-August-2002
SUPPLY/DEMAND
IEA Cuts 2002 Demand Growth Forecast To 200,000 B/D
Blaming weaker than expected firsthalf OECD oil demand, the International Energy Agency (IEA) has trimmed itsforecast of 2002 demand growth by 50,000 b/d to 200,000 b/d. In the latest monthly OilMarket Report, published on 9 August, the agency maintains its forecastdemand growth for 2003 at 1.1mn b/d. The report is characterized by majorrevisions to non-OECD demand data, affecting figures from 2000...
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