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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Gameboy who wrote (31631)11/12/1998 10:24:00 PM
From: Tomas  Read Replies (1) | Respond to of 95453
 
EIA's outlook for 1999 is poor, earlier this week it chopped 1999 oil demand estimates by 400,000 barrels per day to 75.6 million bpd. BUT - bearishness on demand, highlighted in the IEA report, does not take into account the fact that the IEA has cut its non-OPEC oil supply forecasts by more than it has cut its demand forecasts! They cut non-OPEC supply by 600,000 bopd. Without taking it into account.

EIA has done it again.