Demand Estimates Unchanged in July OMR 

In the July issue of its monthly Oil Market Report (OMR), the International Energy Agency (IEA) retains its estimate of 1986 world oil demand unchanged from June at 46.4mn b/d. However a reduction in the figures for non-OPEC supply of 0.2mn b/d for 3Q and 0.2mn b/d for 4Q and the year means that the additional requirements figures rise by equivalent amounts to 17.8mn b/d, 19.2mn b/d, and 18.5mn b/d respectively.

On the...