VOL. XXXIX
No. 55
14-October-1996
OPEC
IEA Forecasts 600,000 B/D Supply Cushion This Winter
With the high-demand heating season fast approaching and little prospect of any shift away from just-in-time inventory management on the part of profit-conscious refiners, the question of whether the supply cushion will be sufficient to get the industry through the 1996-97 winter without a significant run-up in prices beyond current high levels has been attracting a good deal of attention lately....
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