NO. 1

10 OCTOBER 1988


IEA Puts OPEC Crude Output at 20mn b/d in September

The IEA's figures for world oil demand remain unchanged in the October issueof its monthly Oil Market Report (OMR), with lQ OECD demand up 2.2% over 2Q1987, 2Q demand up 1.8%, and 3Q demand up 1.2% (at 37.4mn b/d, 35mn b/d and35.9mn b/d respectively). However the October OMR contains higher estimates oflQ and 2Q non-OPEC supply which reduce the implied call on OPEC crude to19.8mn b/d (from the previous 20.1mn...