IEA Expects 2% OECD Consumption Growth in 1988
OECD oil consumption in 1988 is expected to grow by some 0.7mn b/d or 2% over1987, according to the latest (September) Oil Market Report of the InternationalEnergy Agency (IEA). Non-OECD consumption is projected to increase by 0.3mn b/dor 2.3% in 1988. Total world consumption (excluding CPEs) is thus expected torise by around lmn b/d - from 48.8mn b/d in 1987 to 49.8mn b/d in 1989. Andsince non-OPEC supply is...