NO. 32



IEA Says OECD Demand Static in 1Q 1990

Oil consumption in the OECD area in 1Q 1990 was the same as in 1Q 1989 at38.5mn b/d, according to the May edition of the monthly Oil Market Report (OMR)by the International Energy Agency (IEA). 1Q world demand outside thecentrally-planned economies, however, is put at 53.8mn b/d rather than the 54mnb/d in the previous OMR, an increase of 0.6mn b/d over the figure for 1Q 1989.With the estimate for 1Q OPEC crude...