VOL. XLIV

No. 07

12-February-2001

SUPPLY/DEMAND

How Just-In-Time Management OfCrude Oil Stocks Can Affect The Markets

By Mohammad Sadegh Memarian,Economic Analyst, Iranian Ministry of Petroleum.

In analyzing oil supply and demandsince the oil market crisis of 1973, we can divide the subsequent period intotwo distinct eras: pre-1993 and post-1993. The critical year of 1993 representsthe point at which oil consumers took over from oil producers as the dominantforce in controlling the supply/demand...