NO. 16



IEA Projects 0.5mn b/d Increase in World Oil Demand in 1992

In its first projection of the oil supply/demand picture for the year 1992,the International Energy Agency (IEA) is forecasting an increase of 0.5mn b/d,or 0.75%, in 1992 world oil demand to 66.8mn b/d, as compared with 66.3mn b/d in1991. This follows a period of very slow growth in 1991 (0.15%) and 1990 (0.3%).The main growth area is slated to be North America, where demand is forecast to...