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...
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