VOL. XLIII

No. 20

15 May 2000

SUPPLY/DEMAND

IEA Reports Stockbuild In April And May, But Warns Of Second Half Oil Supply Deficit

Preliminary assessments of demand and supply point to a global stockbuild this month that could exceed 3mn b/d, according to the International Energy Agency (IEA). In the May issue of its Monthly Oil Market Report the IEA says that lower demand and higher supplies, particularly from Iraq, have relaxed the projected second quarter balance enough to create a 1.2mn b/d...