NO. 36



IEA Sees Demand Decline in 1991

For 1991 as a whole, the latest supply and demand projections by theInternational Energy Agency - in the June edition of the monthly Oil MarketReport (OMR) - now forecast a decline of 0.1mn b/d in world demand as comparedto 1990, to 65.6mn b/d, rather than an 0.1mn b/d increase to 65.8mn b/d as inthe May OMR. The 0.2mn b/d drop in the annual average stems largely from lowerdemand estimates for the first quarter (67.1mn...