VOL. XXXV

NO. 23

9-MARCH-1992

Supply/Demand

IEA Downgrades US Demand Projections for 1Q 1992

In broad terms, the latest supply/demand projections by the InternationalEnergy Agency (IEA), published in the March (end-February) issue of its OilMarket Report, are not much changed from those of the previous month. However,estimates of first-quarter 1992 demand in the important North American markethave been downgraded by 0.2mn b/d to 18.8mn b/d, which is partly offset by a0.1mn b/d increase in the 1Q...