NO. 20


OPEC Secretariat Warns Of Threat To Prices From Stock Overhang

In its latest world supply/demand estimates (see table overleaf), submittedto the 12 February meeting of the OPEC Ministerial Monitoring Committee (MMC) inGeneva, the OPEC Secretariat forecasts a modest 0.39mn b/d (0.6%) rise in worldcrude oil requirements this year from 63.97mn b/d in 1991 to 64.36mn b/d in1992. However, as a result of a projected fall in non-OPEC supplies and worldNGL from 41.41mn...