VOL. XXXIII

NO. 14

8-JANUARY-1990

SupplyDemand

OECD Sees Call on OPEC Rising to 24mn b/d in 1991

The aggregate current account deficit of OPEC countries dropped from $15bn in1988 to around $2bn in 1989, according to estimates published by theOrganization for Economic Co-operation and Development (OECD) in the December1989 issue of its Economic Outlook.

The OECD attributes the decline in the deficits to the increase in theworld price of oil during the first half of the year, and says that the...