VOL. XXXII

NO. 31

8-MAY-1989

OPEC/NON OPEC

OECD Oil Consumption Increased by 1.6% in 1Q, Says IEA

OECD oil consumption during the first quarter of this year rose by 0.6mn b/dto 37.9mn b/d, or an increase of 1.6%, according to the May issue of theInternational Energy Agency (IEA) Oil Market Report (OMR). Growth in the OECDPacific region was at the significantly high rate of 5% compared to only 0.5% inNorth America. The IEA forecasts OECD consumption during 2Q 1989 to rise by1mn b/d to 35.9mn b/d,...