No. 33



IEA Predicts 1.9Mn B/D Crude Oil Demand Rise In 2001

The International Energy Agency (IEA) predicts that global crude oil demand will rise by 1.9mn b/d in 2001, pushing worldwide demand above 80mn b/d in the fourth quarter next year, when the implied call on OPEC crude will be more than 30mn b/d. In the August issue of its Monthly Oil Market Report, the IEA includes its first detailed forecast of supply and demand figures for 2001 and predicts that the call...