VOL. XLVI

No 7

17-February-2003

SUPPLY/DEMAND

EIA Expects Market Tightness Through Most Of 2003

The Energy Information Administration (EIA) of the US Department of Energy expects tight oil market conditions to continue for most of 2003, as petroleum inventories fall further and spare production capacity becomes an issue. In the latest edition of its monthly Short-Term Energy Outlook, published on 7 February, the EIA says: OPEC efforts to increase output to make up for lower Venezuelan output has...