OPEC

IEA Demand Forecasts Unchanged in February OMR 

In the latest (February) issue of its Oil Market Report (OMR), the International Energy Agency (IEA) continues to forecast that OECD oil demand in 1986 will remain at the same level as in 1985 at 34mn b/d, while world oil demand (outside the centrally planned economies) will rise by only 0.1mn b/d to 45.7mn b/d. At the same time non-OPEC supply is expected to more than offset this marginal increase, rising to an average of 28.8mn...