VOL. XXX
NO. 24
23-MARCH-1987
OPEC AND OIL PRICES
IEA Forecasts Reduced Growth in Oil Demand in 1987
OECD oil consumption rose by some 1% in the first quarter of 1987 to 35.9mnb/d, as against 35.5mn b/d in 1Q 1986, and an increase of this magnitude isforecast for the year as a whole (compared to a growth rate of 2.5% in 1986) inthe March issue of the International Energy Agency (IEA) Oil Market Report (OMR).World oil demand outside the centrally planned economies is thus expected toaverage 47.2mn...
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