No. 50



"More Oil, Not Less," Warns IEA

In a special feature article in the December issue of its monthly Oil Market Report(OMR) - under the title "More Oil, Not Less" - the International Energy Agency(IEA) comments that over the last few weeks the tone of world oil markets has shifted toconcerns about a potentially glutted market. It goes on to say that "marketexpectations are now for 0.5mn b/d to 1.1mn b/d of additional production from OPEC in theaftermath of the...