VOL. XXXII

NO. 49

11 SEPTEMBER 1989

SUPPLY/DEMAND

Oil Supply Rise in August

In the latest (September) issue of its monthly Oil Market Report (OMR), theInternational Energy Agency (IEA) estimates world oil supply (outside the CPEs)at 52.7mn b/d, an increase of 0.5mn b/d over the previous month, with higherproduction in OECD, OPEC and other developing countries.

According to the IEA, OPEC crude production totaled 21.6mn b/d in August (up0.2mn b/d from July), with Saudi Arabia (including Neutral Zone)...