VOL. XXXIII

NO. 14

8-JANUARY-1990

SupplyDemand

EEC Hydropower Output Down by 300,000 b/d

According to the latest Monthly Energy Market Review from EMC (Energy MarketConsultants), hydroelectricity production in the EEC is heading for the lowestannual level since 1976, after drought conditions persisting for most of thisyear. By late summer the hydro deficit had reached some 300,000 b/d of oilequivalent and shows few signs of improvement despite recent higher rainfall.Some of the deficit has been...