VOL. XXXV

NO. 40

6-JULY-1992

Supply/Demand

IMF Expects World Oil Demand to Increase 1.5% Annually in Medium Term

World oil consumption is expected to increase at a moderate rate of 1.5%annually in the medium term because of anticipated further gains in energyefficiency and competition from non-oil forms of energy, according to the biannual International Monetary Fund World Economic Report, May 1992. The IMFprovides an optimistic picture on the supply side, predicting that non-OPECsupplies may...