OPEC AND OIL PRICES
IEA Sees Rebound in 3Q and 4Q CPE Crude Exports
Although the International Energy Agency (IEA), in the November issue of its Oil Market Report (OMR), has raised its estimate of world oil demand in the third and fourth quarters of 1985 by 100,000 b/d to 44.7mn b/d and 46.2mn b/d respectively, this increase is more than offset by a rise in non-OPEC supplies, which are now put at 28.8mn b/d in the third quarter and 29.1mn b/d in the fourth, as against 28.4mn b/d and...
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