VOL. XLV

No 37

16-September-2002

SUPPLY/DEMAND

IEA Reports Falling Crude StocksBut Reduces 4Q02 And 1Q02 Call On OPEC Supplies

TheInternational Energy Agency (IEA) predicts a strong rise in demand in the nearterm, but has reduced its estimated call on OPEC crude because of risingnon-OPEC supplies. In the latest monthly Oil Market Report, published on 11 September, theIEA says it has raised its prediction for 3Q demand by 220,000 b/d because ofstrong US gasoline demand: Global demand is now...