IEA Slashes Non-OPEC Supply Forecasts For Second Half 1997 And All Of 1998
Oil markets remained much tighter than anticipated in June and July due to supplyshortfalls in several non-OPEC producing areas, the absence of Iraqi exports, and strongdemand for gasoline in the United States, concludes the International Energy Agency (IEA)in its August Monthly Oil Market Report. These factors limited the monthlyinventory build in June, resulting in a much lower...
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