VOL. XLIII

No. 29

17-July-2000

OPEC

IEA Sees Urgent Demand For Oil Products As Refiners Wait On Crude Price Fall

What is needed to take the heat out of oil markets is more oil product, and soon, according to the International Energy Agency (IEA). Yet in the July issue of its Monthly Oil Market Report the IEA observes that refiners do not think current crude oil prices are sustainable, and so are reluctant to increase crude throughput to build up product stocks. While crude supplies are expected...