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...
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