VOL. XXXII

NO. 41

17-JULY-1989

DEMAND/SUPPLY

IEA Sees Higher non-OPEC Output in 1Q 1990

After the upward revision of both historical and current oil demand estimatesin the June issue of its monthly Oil Market Report (OMR), the InternationalEnergy Agency (IEA) has made few changes in the July OMR. OECD demand is seen asgrowing by less than 2% in 1989 (or by 600,000 b/d), while non-OECD consumptionoutside the Centrally Planned Economies will increase by a similar amount (or by4%), with non-CPE...