VOL. XLIV

No 30

23-July-2001

SUPPLY/DEMAND

IEA Sees CallOn OPEC Crude Squeezed By Faltering Demand And Growing Non-OPEC Capacity

Faltering demand growth is expected to limitworldwide crude requirements in the short term, while growing non-OPECproduction capacity will hold back the call on OPEC supplies as demand returnsnext year, according to the International Energy Agency (IEA). In its latest Monthly Oil Market Report, published on13 July, the IEA halves its prediction for oil demand growth...