VOL. XLIV
No. 08
19-February-2001
SUPPLY/DEMAND
IEA Cuts Demand Forecast As Global Economy Slows
The International Energy Agency (IEA) has cut its forecast for crude oil demand growth to 1.52mn b/d for 2001, having predicted in January that demand for the year would rise by 1.66mn b/d and having estimated in December a 1.9mn b/d increase for this year (MEES, 29 January). In its latest Monthly Oil Market Report, published on 12 February, the IEA blames the shrinking demand outlook to a large...
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