VOL. XLIV

No 34

20-August-2001

SUPPLY/DEMAND

IEA Demand OutlookOnly Slightly More Optimistic After Data Revisions

TheInternational Energy Agency (IEA) has responded to higher then expected oildemand in recent months, particularly in the US, by increasing slightly itsprediction of global demand growth this year. In its latest Monthly Oil Market Report, published on10 August, the agency made an upward adjustment of more than 400,000 b/d to preliminaryUS May 2001 demand estimates. The effect is to...