Mixed Supply-Demand News For OPEC In Latest IEA Forecast
The International Energy Agency (IEA) has again lowered its estimate ofglobal oil demand in 1Q95. According to its end-February Oil Market Report, theIEA now calculates world oil demand for 1Q95 at 70.0mn b/d, down 0.1mn b/d fromits estimate a month ago. Unseasonably mild weather in the US during January wasmostly to blame for the downward revision, although warmer than normaltemperatures in...
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