VOL. XXXI

NO. 16

25-JANUARY-1988

OPEC AND OIL DEMAND

New Demand Figures Indicate Strong Second Half in Oil Market

The recent upward revision of the International Energy Agency (IEA)figures for world demand (MEES, 18 January) "provide a better explanationof observed reality than the previous figures," according to a new SalomonBrothers analysis, and mean that while oil prices may be weak in the first halfof 1988 there is little danger of a collapse. Moreover in the second half of theyear demand for...