VOL. XLIII

No. 46

13-November-2000

OPEC

IEA Reports Stocks Are Building From Low Level But Says Balancing The Market Will Take Time

Current high crude prices and market volatility are evidence of continued supply/demand tightness, but stocks are now building, albeit from extremely low levels, according to the International Energy Agency (IEA), Paris. In its latest Monthly Oil Market Report, published 9 November, the agency predicts that it will take some time to rebalance the system and restore...