Hi,

die IEA veröffentlichte gestern den monatlichen Ã-lbericht; fürs nicht-zahlende Publikum sind folgende Highlight erhältlich....

12 July 2002
HIGHLIGHTS

~ Ending several years of anaemic growth, global oil demand is forecast
to increase by 1.1 mb/d, or 1.4%, in 2003, as the global economic
recovery gathers pace. For 2002, demand growth has been cut by
170 kb/d, to 250 kb/d, reflecting weaker than expected second-quarter
demand and a lacklustre economic recovery.
~ With continued strong investment in the upstream sector, non-OPEC
oil supply should rise by 700 kb/d in 2003, following growth of
1.1 mb/d for 2002. Gains next year will be led by the FSU and North
America. Growth in OPEC NGLs and non-conventional oil will add
another 170 kb/d in 2003. This leaves room for the call on OPEC
crude plus stock change to increase by 230 kb/d next year.
~ Reacting to short-term developments, June crude prices were volatile.
Crude prices eased early in the month and recovered later, but
averaged lower than May. June product prices were supported by
gasoline, and lost less ground than crude. As a result, refining margins
recovered in the US and Europe; however, they fell slightly in
Singapore.
~ OECD oil stocks rose by 1.2 mb/d, or 36 million barrels, in May. The
stockbuild came in products, with crude storage unchanged from
April. May demand cover averaged 56 days, one day higher than a
year ago. The oil stock overhang versus year-earlier levels continued
to narrow. Crude stocks were ample in the US, but low in Europe and
the Pacific.

Gruss
Cosa

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