VOL. XL
No. 28
14-July-1997
OPEC
The IEA Sees Oil Market Softening In Second Half After Tighter Than Expected 2Q 1997
In its newly released Monthly Oil Market Report (MOMR) for July, the InternationalEnergy Agency (IEA) has adjusted its forecast for global demand in 2Q 1997 upwards by some0.4mn b/d to 72.6mn b/d. This is the result of stronger than expected consumption growthin June, particularly in the gasoline-driven US market. Despite expectations of continuedstrong US-led demand growth, the...
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