NO. 18



IEA Adds 0.3mn b/d to 4Q Demand

After last month's upward revision of demand figures for the fourth quarterby 1.1mn b/d (MEES, 16 January), the International Energy Agency (IEA) hasadded a further 0.3mn b/d to its estimate of 4Q 1988 consumption in the Februaryissue of its monthly Oil Market Report (OMR), meaning that the 4Q demandestimate has risen by 1.4mn b/d in the last two months to 52.5mn b/d. All of thelatest extra demand is attributed to the OECD...