No. 34



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...