OPEC AND OIL PRICES
Latest LEA Figures Show Decline in OECD Demand
In the latest (April) issue of its Oil Market Report (OMR), the International Energy Agency has cut its estimate of fourth quarter OECD oil demand by 700,000 b/d to 34.6mn b/d (compared to 35.3mn b/d in the March OMR), a decline of 2.3% from 4Q 1983. Moreover preliminary figures for 1Q 1985 suggest OECD consumption of 35.7mn b/d rather than the previous estimate of 36.0mn b/d, a drop of 2% from the 1Q 1984 figure of 36.3mn...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!