VOL. XXXIV

NO. 42

22-JULY-1991

Supply/Demand

IEA Projects Annual Increase of 1.7% in World Oil Demand till Year2005

The latest forecast by the International Energy Agency (IEA) points to amoderate rise in world oil demand of 1.7% annually over the period to 2005, andgreater dependence on Middle East oil production as capacity in other areas continues to decline. This scenario, which is contained in the just-released IEApublication Energy Policies of IEA Countries, 1990 Review, is based on studies...