CRUDE OIL/LPG PRICES
IEA Further Reduces Demand Growth Outlook Because Of Economic Slowdown And High Crude Prices
For the fifth month in a row the International Energy Agency (IEA) has reduced its crude oil demand growth forecast for 2001. Once again the agency cited the current US economic slowdown, with its knock-on effect on other economies, and anticipated high crude oil prices as the causes of the revision. In the latest Monthly Oil Market Report,...