IEA Ups 1999 Demand Forecasts
Revisions in oil demand estimates for 1999, with particularemphasis on the first quarter, figure prominently in the latest (May) MonthlyOil Market Report (MOMR) published by the International Energy Agency(IEA). The Agency has increased its demand estimate, in comparison with theApril figure, by 0.5mn b/d for 1Q 1999 mainly reflecting gains in OECD Europeand OECD Pacific while downsizing the projection for 2Q 1999 by 0.3mn b/d....
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