VOL. XXXVII
NO. 32
9-MAY-1994
Supply/Demand
Latest IEA Projections Reinforce Crude Markets' Bullish Trend
Already bullish crude markets got more positive reinforcement lastweek with release of the International Energy Agency's (IEA) end-April OilMarket Report. Once again, the leading indicators all went the right way:quarterly 1994 global demand projections went up; March OECD industry productstocks went down; and non-OPEC output fell by some 0.24mn b/d in April. On thedemand front, further...
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