Long-Awaited OECD Stockdraw Has Finally Arrived, Says IEA
After a period of acute puzzlement over the non-appearanceof an expected large OECD stockdraw in the third quarter of this year inresponse to a rapid tightening of the world oil market, the InternationalEnergy Agency (IEA) now concludes that a very substantial stockdraw has finallybegun.
In the latest (November) issue of its Monthly Oil MarketReport (MOMR), the Agency declares that the long-awaited...
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