VOL. XLVII

No 06

09-February-2004

SUPPLY/DEMAND

Oil Demand To Increase By 1.5Mn B/D In 2004, Société Générale Forecasts

Global oil demand will increase by 1.5mn b/d this year, although a rise of up to 1.4mn b/d in non-OPEC production will be a worry for OPEC, according to Société Générale. In its Commodities Review report published in early February, analysts Stephen Briggs, Frédéric Lasserre and Deborah White observe: OPEC must also find internal compromises to offset the increases by some...