VOL. XLI

No. 34

24-August-1998

OPEC

IEA Takes First Look At 1999

In the latest (August) issue of its Monthly Oil Market Report (MOMR), the InternationalEnergy Agency takes its first look at the oil supply/demand outlook for 1999 and thepicture it paints is not a very comforting one as far as the OPEC oil exporters areconcerned. The 1999 highlights presented by the IEA in respect of demand and non-OPECsupply (for details see Table 2) are as follows:

  • Oil demand growth for 1999 is projected to...