VOL. XLIII

No. 51

18-December-2000

OPEC

IEA Sees Crude Market More Balanced But Says Further Stockbuild Needed For Stability

In November, crude oil and product prices began reflecting a somewhat better supplied market and in early December crude prices fell steeply despite a break in Iraqi exports, according to the Paris-based International Energy Agency (IEA). In its latest Monthly Oil Market Report published on 11 December, the IEA ponders: Iraq withdraws 2.3mn b/d of crude oil exports and...