VOL. XLI
No. 25
22-June-1998
OPEC
IEA Downsizes 1998 Demand Estimates; Missing Barrels Remain In Hiding
In the latest (June) issue of its Monthly Oil Market Report (MOMR), the InternationalEnergy Agency (IEA) has revised downwards its estimate for global oil demand in the secondquarter of this year by 510,000 b/d to 73.0mn b/d, due to both weak OECD demand and afurther adjustment to Other Asia demand. In the latter case, according to the IEA, arevision of 250,000 b/d related to financial...
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