NO. 52



OPEC Supply/Demand Estimates

In its latest report on the oil market situation, the OPEC Secretariat hasrevised upwards its 1989 world demand estimates by 0.79mn b/d, from 50.18mnb/d in the last report (see MEES, 12 June) to 50.97mn b/d. As a result, coupledwith the impact of production shortfalls in the North Sea and Alaska, theprojection for production required from OPEC and stocks for the year 1989 hasbeen boosted by about 1.09mn b/d, to 20.11mn b/d as...