VOL. XLIV

No 38

17-September-2001

SUPPLY/DEMAND

IEA Maintains Cautious DemandForecast And Raises Concerns Over Stocks

The International Energy Agency(IEA) has responded to continuing global economic gloom by keeping its forecastfor oil demand growth at 500,000 b/d in 2001 and 800,000 b/d in 2002. In itslatest Monthly Oil Market Report,published on 12 September, the IEA says that while economic growth is slowerthan earlier expectations, oil demand will still grow this year, although thetightening...