NO. 36



IEA Adds 0.8mn b/d to 1989 Demand

In the latest in a series of reassessments of the actual supply and demandsituation in the market, the International Energy Agency (IEA) has added 0.8mnb/d to its projection for 1989 demand in the June issue of its monthly OilMarket Report. The IEA is at pains to stress that the higher demand estimate for1989 is the result of a retroactive revision of its supply and demand figureswhich has resulted in the demand averages for...