VOL. XXXIV

NO. 41

15-JULY-1991

Supply/Demand

IEA Forecasts Strong Demand for Oil in Winter 1991-92

Given a continuing improvement in economic growth in the OECD area and non-OECDAsia, the International Energy Agency (IEA) is forecasting strong demand for oilduring the coming winter with significant increases in the fourth quarter of1991 and the first quarter of 1992. The July (end-June) edition of the IEA'smonthly Oil Market Report (OMR) projects world oil demand at 67.1mn b/d in 4Q1991 (up 1.5mn...