No. 37

15 September 1997


Markets Absorb Return Of Iraqi Crude Despite Tenuous Supply-Demand Balance InAugust, Says IEA

Despite a tenuous balance between demand and supply, production dislocations andsurging gasoline prices allowed oil markets to absorb the mid-August return of Iraqi crudeexports with minimal bearish impact, concludes the International Energy Agency (IEA) inits September Oil Market Report. But market direction for the remainder of 1997 isclouded by uncertainties...