GENERAL

2Q OECD Demand Down 3% from 1984 Says IEA 

The International Energy Agency (IEA), in the latest (July) issue of its monthly Oil Market Report (OMR), has again reduced its estimate of oil demand outside the centrally planned economies in the first and second quarters of 1985. 1Q demand is put at 47.2mn b/d (as against 47.4mn b/d in the June OMR), while in the second quarter 0.7mn b/d has been knocked off the previous figure and demand is now estimated at 44mn b/d. Both these...