VOL. XLII

No. 33

16-August-1999

OPEC

IEA Projects Demand Rebound In 2000 But Poses Question MarksOn Stocks

"The fundamentals are set for a tighter oil market:supply is lower and a demand recovery is underway." So says theInternational Energy Agency (IEA) in a bullish introduction to its latest(August) Monthly Oil Market Report (MOMR). But, in a characteristic balancingact, the Agency cautions against any over-enthusiasm on this front, warningthat "the market may not be as far down the road to...