VOL. XLIII

No. 45

6-November-2000

OPEC

PIRINC Criticizes US Heating Oil Reserve Build And Warns Of Impact On Imports

The US governments current building of a strategic heating oil reserve, just as the supply/demand situation is tight ahead of winter, could not have come at a worse time, according to Petroleum Industry Research Foundation Inc (PIRINC) of New York. In its October report Heating Oil This Winter: Worry Yes, Panic No (Not Yet Anyway), PIRINC says the filling of the heating oil reserve...