VOL. XLIV

No 33

13-August-2001

SUPPLY/DEMAND

PFCPredicts IEA Will Revise Demand Forecast Upwards

ThePetroleum Finance Company (PFC) of Washington predicts that the InternationalEnergy Agency (IEA) will revise its May and June global demand estimates overthe next month or two, requiring a subsequent upwards revision in its demandgrowth forecast for the year. PFCs prediction, published on 6 August in anexecutive memo in The Strengths and Weaknesses of US Weekly Data,follows the IEAs pessimistic...