VOL. XXXI

NO. 10

14-DECEMBER-1987

OPEC AND OIL PRICES

3Q OECD Demand Rises by 1.7%

The International Energy Agency (IEA) has raised its figure for 3Q and 4Qdemand in the December edition of its Oil Market Report (OMR) to 47.0mn b/d and48.2mn b/d respectively, compared to 46.8mn b/d and 48.1mn by/d in the NovemberOMR. The increases reflect a higher growth rate in demand in the OECD, which isnow put at 1.7% in the third quarter rather than the previous 1.5%, withconsumption averaging 35.0mn b/d, up...