OPEC

IEA Lowers 3Q Demand Forecast

Demand figures in the July Oil Market Report (OMR) published by the International Energy Agency (IEA) have been adjusted marginally upward for 1987 as a whole, from 47.1mn b/d in the June OMR to 47.2mn b/d. The increase is the result of higher figures for the first half of the year (48.0mn b/d in the first quarter and 45.9mn b/d in the second, as against the previous 47.8mn b/d and 45.8mn b/d respectively), with 4Q demand unchanged at 47.8mn b/d. In the...