VOL. XLIV

No 43

22-October-2001

SUPPLY/DEMAND

IEA Diagnoses Demand Shock AfterUS Attacks

The International Energy Agency (IEA) has reduced its forecasts for oil demand growth this year and next,following last months attacks on the US. In its latest Monthly Oil MarketReport, published on 12 October, the agency says that global oil demandgrowth is only expected to grow by 120,000 b/d in 2001 and 600,000 b/d in 2002.These figures show a considerable reduction from the previous months cautious...