No. 38



IEA Foresees OPEC Overproduction As Demand Is Curbed By High Prices

Even as OPEC prepares to increase exports to curb overheating crude and products markets (see lead story), the International Energy Agency (IEA) has reduced its demand forecasts and laid the blame on high prices. In the September issue of its Monthly Oil Market Report, the IEA presents a scenario of reduced calls on OPEC crude at a time when many of the organizations members are preparing...