IEA Sees Uplift in 1998 Call On OPEC Supply But Stocks Mystery Remains Unsolved
In the latest (May) issue of its Monthly Oil Market Report (MOMR), the InternationalEnergy Agency (IEA) posits a higher demand call on OPEC crude oil supply for 1998 due to amodest upward revision of its demand forecast and a downsizing of non-OPEC supplyestimates; but it comes no nearer to solving the "arithmetical mystery"surrounding the lack of observed OECD onshore stockbuilds in...
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