VOL. XXXIV

NO. 20

18-FEBRUARY-1991

Supply/Demand

IEA Downgrades 4Q 1990 Demand Estimates

The International Energy Agency (IEA) has sharply downgraded earlierestimates of OECD oil consumption in the fourth quarter of 1990. The end-Januaryestimate given in the February edition of the IEA's monthly Oil Market Report (OMR)for 4Q 1990 OECD consumption is 37.6mn b/d, which is 0.5mn b/d less than theprevious month's estimate and signifies a drop of 1.7mn b/d or 4.5% below 4Q1989 (for details see table on...