VOL. XLIV
No 30
23-July-2001
SUPPLY/DEMAND
IEAs RevisedDemand Forecast Constrains OPEC, Says Horsnell
The International Energy Agencys drastic downwardsrevision of forecast oil demand growth for 2001 to 460,000 b/d limits theoptions for OPEC, potentially making the organization overly-cautious at a timewhen demand could increase rapidly, according to Paul Horsnell, Head ofEconomic and Policy Research at JP Morgan. In an Oil Market report on 13 July, Mr Horsnell says that the IEAsrevisions to its...
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