VOL. XLI
No. 02
12-January-1998
OPEC
Asian Crisis Cuts Demand Projections By 400,000-700,000 B/D In1998-1999, Says PIRA
Asia's financial crisis has cut 0.8% off expected world GDPgrowth in 1998 leading to a reduction in oil demand in the areas of the world principallyaffected (Asia Pacific and Latin America) by around 400,000 b/d in 1998 and probably asmuch as 700,000 b/d in 1999 compared to projections made just three months ago, accordingto the New York-based PIRA Energy Group in its latest...
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