GENERAL

IEA Projects Lower 3Q Demand 

The International Energy Agency (IEA) in the September issue of its Oil Market Report (OMR) has reduced its estimate of world oil demand in the third quarter of 1985 to 44.4mn bid from 44.7mn b/d in the August OMR, or 1.8% less than in the corresponding period of 1984. The reduction is due to lower figures for the OECD countries (32.8mn b/d rather than the previous 33.1mn b/d) where first estimates (subject to substantial revision) of 3Q...