No. 25



IEA Sees Need For Increased Crude Production Ahead Of 3Q Demand Surge

After a six-month run of reductions in predicted oil demand growth for 2001, the International Energy Agency (IEA) has this month maintained its forecast for the year at just over 1mn b/d. In its latest Monthly Oil Market Report, published on 12 June, the IEA says that the US provided half of the first quarters demand growth and will continue to be the single largest source of growth...