VOL. XLIII
No. 42
16-OCTOBER-2000
OPEC
IEA Reports Market Still Tense Despite Positive Supply Developments
Backwardation in the futures market has eased, speculators have rotated out of crude positions, crude and product stocks are beginning to build and refining margins have improved, encouraging throughput, according to the Paris-based International Energy Agency (IEA). These are all positive developments, says the agency in its latest Monthly Oil Market Report, published 10 October, and yet the...
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