VOL. XLIV

No. 11

12-March-2001

SUPPLY/DEMAND

IEA Members Prepared For Oil Emergency As Import Dependency Grows

Oil importing nations are well prepared to respond to a sudden disruption of world supplies, according to the International Energy Agency (IEA). However, announcing the publication of the Oil Supply Security 2000 report on 22 February, the IEA said that rapidly growing demand coupled with a foreseeable reduction of supply from non-OPEC producers will present consumers with sharp new...