VOL. XXXI
NO.44
8-AUGUST-1988
GENERAL
IEA Figures little Changed for August
The International Energy Agency (IEA) has reduced its estimate of 1Q worldoil demand by 0.2mn b/d to 50.6mn b/d in the August issue of its monthly OilMarket Report (OMR). However the 1Q figure for non-OPEC supply is also down0.1mn b/d at 28.9mn b/d, so the additional requirement figure falls by 0.1mn b/dto 21.7mn b/d, leaving an implied call of 20mn b/d on OPEC crude. 1Q OPEC outputof crude and NGL of 19.2mn b/d leaves a...
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