VOL. XXXII

NO. 44

7-AUGUST-1989

SUPPLY/DEMAND

IEA Ups Call on OPEC Crude Estimate by 400,000 b/d for 2H 1989

In the latest (August) issue of its monthly Oil Market Report (OMR), theInternational Energy Agency (IEA) has raised its estimates - as compared withthose of the previous month's OMR - for the implied call on OPEC crude(exclusive of stock movements) by an average of 400,000 b/d for the second halfof 1989. Of this 600,000 b/d falls in the third quarter and 200,000 b/d in thefourth quarter.

In...