IEA Lowers Global Demand Estimates In Wake OfComprehensive FSU Review
Following a comprehensive reassessment of thesupply-demand balance for the former Soviet Union (FSU), the International Energy Agency(IEA) has downgraded its estimate of FSU apparent demand in the fourth quarter of 1996 bya hefty 500,000 b/d to some 4.3mn b/d. This represents a decline of 12.9%, or 600,000 b/d,versus 4Q 1995. While the FSU revision was offset in part by a 200,000...
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