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)...
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