VOL. XLII

No 42

18-October-1999

OPEC

IEA Still Puzzled Over Absence Of Stockdraw

In the latest (October) issue of its Monthly Oil MarketReport (MOMR), the International Energy Agency (IEA) still finds itselfpuzzled over the non-appearance of an expected large stockdraw in the thirdquarter of this year in response to a rapid tightening of the world oil market.

In its market overview feature article, the Agency spellsout the dilemma in the following terms: "Growing world demand, OPECproduction...